{"id":35771,"date":"2023-08-27T18:12:31","date_gmt":"2023-08-27T12:42:31","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-gvk-jaipur-expressway-p-ltd-2022-216-ttj-540-jaipurtrib-2\/"},"modified":"2023-08-27T18:12:31","modified_gmt":"2023-08-27T12:42:31","slug":"dy-cit-v-gvk-jaipur-expressway-p-ltd-2022-216-ttj-540-jaipurtrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-gvk-jaipur-expressway-p-ltd-2022-216-ttj-540-jaipurtrib-2\/","title":{"rendered":"Dy. CIT v. GVK Jaipur Expressway (P) Ltd. (2022) 216 TTJ 540 (Jaipur)(Trib)"},"content":{"rendered":"<p>Held that the assessee has invested interest-bearing borrowed funds as share application money in another group company which is not a par of its regular business activity or in any way in furtherance of its business and shares not being allotted in three-four years. Interest paid on the bank loan\u00a0 not allowable as deduction. (AY.2010-11 to 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) : Interest on borrowed capital-Invested as share application money in another group company-Interest on bank loan not allowable as business expenditure. [S. 37(1)] <\/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-35771","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9iX","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35771","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=35771"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35771\/revisions"}],"predecessor-version":[{"id":35772,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35771\/revisions\/35772"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}