{"id":3656,"date":"2019-01-15T12:22:26","date_gmt":"2019-01-15T12:22:26","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-overseas-trading-and-shipping-co-p-ltd-2018-173-itd-446-rajkottrib\/"},"modified":"2019-01-15T12:22:26","modified_gmt":"2019-01-15T12:22:26","slug":"acit-v-overseas-trading-and-shipping-co-p-ltd-2018-173-itd-446-rajkottrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-overseas-trading-and-shipping-co-p-ltd-2018-173-itd-446-rajkottrib\/","title":{"rendered":"ACIT  v. Overseas Trading and Shipping Co. (P.) Ltd. (2018) 173 ITD 446 (Rajkot)(Trib.)"},"content":{"rendered":"<p>Allowing the appeal of the revenue the Tribunal held that , usance charges paid by\u00a0 the respondent\u00a0 to its holding company for delayed payment of goods was not part of purchase price of goods but same was interest within meaning of S 2(28A) of the Act. CIT v. Vijay Ship Breaking Corpn. (2003) 261 ITR 113 (Guj.)(HC) ( AY. 2003-04)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 2(28A) : Interest -Usance interest -Paid to holding company for delayed payment for purchase of goods was not part of purchase price, but interest\u2013Liable to deduct tax at source-DTAA-India \u2013Singapore,  [S. 40(a)(i), 195, Art.7, 11]<\/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":[1],"tags":[],"class_list":["post-3656","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-WY","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3656","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=3656"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3656\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}