{"id":35773,"date":"2023-08-27T18:12:56","date_gmt":"2023-08-27T12:42:56","guid":{"rendered":"https:\/\/itatonline.org\/digest\/late-ghansham-dass-through-l-h-dawinder-singh-v-dy-cit-2022-210-dtr-65-216-ttj-214-chd-trib\/"},"modified":"2023-08-27T18:12:56","modified_gmt":"2023-08-27T12:42:56","slug":"late-ghansham-dass-through-l-h-dawinder-singh-v-dy-cit-2022-210-dtr-65-216-ttj-214-chd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/late-ghansham-dass-through-l-h-dawinder-singh-v-dy-cit-2022-210-dtr-65-216-ttj-214-chd-trib\/","title":{"rendered":"Late Ghansham Dass through L\/H Dawinder Singh v. Dy. CIT (2022) 210 DTR 65 \/ 216 TTJ 214 (Chd) (Trib)"},"content":{"rendered":"<p>Held that the interest paid on debit balance\/excess withdrawals from the partnership firm is to be deducted while computing the taxable income of the assessee-partner notwithstanding the fact that the impugned amount was withdrawn by the assessee for payment of income-tax. (AY.2015-16 to 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) : Interest on borrowed capital-Partner-Interest paid on debit balance\/ excess withdrawal-Withdrawn for payment of income tax-Allowable as deduction. [S.153A] <\/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-35773","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9iZ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35773","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=35773"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35773\/revisions"}],"predecessor-version":[{"id":35774,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35773\/revisions\/35774"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}