{"id":29642,"date":"2022-09-09T14:27:23","date_gmt":"2022-09-09T08:57:23","guid":{"rendered":"https:\/\/itatonline.org\/digest\/indbank-merchant-banking-services-ltd-v-dy-cit-2022-94-itr-4-sn-chennaitrib\/"},"modified":"2022-09-09T14:27:23","modified_gmt":"2022-09-09T08:57:23","slug":"indbank-merchant-banking-services-ltd-v-dy-cit-2022-94-itr-4-sn-chennaitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/indbank-merchant-banking-services-ltd-v-dy-cit-2022-94-itr-4-sn-chennaitrib\/","title":{"rendered":"Indbank Merchant Banking Services Ltd. v. Dy.CIT (2022) 94 ITR 4 (SN) (Chennai)(Trib.)"},"content":{"rendered":"<p>Held that fifty Per Cent. of average cost of\u00a0 borrowing considered as proportionate to earning of\u00a0 income from dividend out of \u00a0borrowed funds, therefore proportionate interest expenditure alone to be disallowed.\u00a0 No disallowance of management expenses shall be made.(AY. 1992-93)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80M : Inter corporate dividends-Fifty Per Cent. of  average cost of  borrowing considered as proportionate to earning of  income from dividend out of  borrowed funds-Proportionate interest expenditure alone to be disallowed-No disallowance of management expenses. <\/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-29642","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7I6","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29642","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=29642"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29642\/revisions"}],"predecessor-version":[{"id":29643,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/29642\/revisions\/29643"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=29642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=29642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=29642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}