{"id":35988,"date":"2023-08-27T21:15:21","date_gmt":"2023-08-27T15:45:21","guid":{"rendered":"https:\/\/itatonline.org\/digest\/brothers-r-kothari-v-dy-cit-2022-217-ttj-17uo-raipurtrib\/"},"modified":"2023-08-27T21:15:21","modified_gmt":"2023-08-27T15:45:21","slug":"brothers-r-kothari-v-dy-cit-2022-217-ttj-17uo-raipurtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/brothers-r-kothari-v-dy-cit-2022-217-ttj-17uo-raipurtrib\/","title":{"rendered":"Brothers R. Kothari v. Dy. CIT (2022) 217 TTJ 17(UO) (Raipur)(Trib)"},"content":{"rendered":"<p>Held that the Assessing Officer was not justified in making disallowance under section\u00a0 40A(2)(a) in respect of interest paid by the assessee @ 18 per cent pa\u00a0 on the unsecured loans raised from related parties on the basis that the assessee could have procured loans from the bank @ 15 per cent\u00a0 The interest paid by the assessed@18 per cent has been accepted by the Department in the earlier year, the disallowance was deleted.\u00a0 (AY.2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40A(2) : Expenses or payments not deductible-Excessive  or unreasonable-Rate of 18 percent-Bank charges at 15 percent-Disallowance is not justified. [S. 40A(2)(a)] <\/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-35988","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9ms","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35988","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=35988"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35988\/revisions"}],"predecessor-version":[{"id":35989,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35988\/revisions\/35989"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}