{"id":35767,"date":"2023-08-27T18:10:36","date_gmt":"2023-08-27T12:40:36","guid":{"rendered":"https:\/\/itatonline.org\/digest\/oswal-woollen-mills-ltd-v-add-cit-202298-itr-521-chd-trib-2\/"},"modified":"2023-08-27T18:10:36","modified_gmt":"2023-08-27T12:40:36","slug":"oswal-woollen-mills-ltd-v-add-cit-202298-itr-521-chd-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/oswal-woollen-mills-ltd-v-add-cit-202298-itr-521-chd-trib-2\/","title":{"rendered":"Oswal Woollen Mills Ltd. v.Add. CIT (2022)98 ITR 521 (Chd) (Trib)"},"content":{"rendered":"<p>Held, that Assessing Officer has\u00a0 to go through the fund position namely capital and interest-free advances, reserves and surplus to determine whether any borrowed funds more than available own funds had been utilized and take a decision. If sufficient own funds were available, no disallowance to be made (AY. 2011-12).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) : Interest on borrowed capital-Investment in quoted and unquoted shares-Own funds more than investments-Matter remanded for verification. <\/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-35767","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9iT","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35767","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=35767"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35767\/revisions"}],"predecessor-version":[{"id":35768,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35767\/revisions\/35768"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}