{"id":31116,"date":"2022-12-10T12:52:16","date_gmt":"2022-12-10T07:22:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/g-e-t-water-solutions-p-ltd-v-acit-2022-194-itd-779-chennaitrib\/"},"modified":"2022-12-10T12:52:16","modified_gmt":"2022-12-10T07:22:16","slug":"g-e-t-water-solutions-p-ltd-v-acit-2022-194-itd-779-chennaitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/g-e-t-water-solutions-p-ltd-v-acit-2022-194-itd-779-chennaitrib\/","title":{"rendered":"G.E.T. Water Solutions (P.) Ltd. v. ACIT (2022) 194 ITD 779 (Chennai)(Trib.)"},"content":{"rendered":"<p>Held that the\u00a0 assessee had filed necessary evidences to prove that there was a business connection between assessee and company to whom loans and advances were given and had placed all evidences to prove that interest free loans given to groups\/subsidiary companies were out of interest free funds available with him at relevant point of time. Disallowance of interest is mot valid. (AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) : Interest on borrowed capital-Loans to Subsidiaries-Advance from  out of interest free funds available with them   at relevant point of time-Disallowance of interest is not valid.<\/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-31116","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-85S","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31116","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=31116"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31116\/revisions"}],"predecessor-version":[{"id":31117,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31116\/revisions\/31117"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=31116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=31116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=31116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}