{"id":27461,"date":"2022-06-26T18:01:29","date_gmt":"2022-06-26T12:31:29","guid":{"rendered":"https:\/\/itatonline.org\/digest\/kanoria-chemicals-and-industries-ltd-v-acit-2021-91-itr-82-sn-kol-trib\/"},"modified":"2023-02-13T18:45:01","modified_gmt":"2023-02-13T13:15:01","slug":"kanoria-chemicals-and-industries-ltd-v-acit-2021-91-itr-82-sn-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/kanoria-chemicals-and-industries-ltd-v-acit-2021-91-itr-82-sn-kol-trib\/","title":{"rendered":"Kanoria Chemicals and Industries Ltd. v. ACIT (2021) 91 ITR 82 (SN) \/(2022) 210 DTR 279(Kol.)(Trib.)"},"content":{"rendered":"<p>Held that\u00a0 when the assessee had sufficient own funds,\u00a0\u00a0 disallowance of interest\u00a0 is not valid. Direction of CIT(A)\u00a0 to\u00a0 consider only those investments upon which exempt income earned is held to be proper.\u00a0 (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure-Exempt income-Interest expenditure-Sufficient own funds-Disallowance is not valid-Direction to  consider only those investments upon which exempt income earned-Held to be proper. [R.8D] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-27461","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-78V","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=27461"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27461\/revisions"}],"predecessor-version":[{"id":32781,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27461\/revisions\/32781"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=27461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=27461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=27461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}