{"id":38504,"date":"2024-01-29T14:49:39","date_gmt":"2024-01-29T09:19:39","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-state-bank-of-hyderabad-2023-455-itr-122-292-taxman-38-telanganahc\/"},"modified":"2024-09-01T16:55:39","modified_gmt":"2024-09-01T11:25:39","slug":"cit-v-state-bank-of-hyderabad-2023-455-itr-122-292-taxman-38-telanganahc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-state-bank-of-hyderabad-2023-455-itr-122-292-taxman-38-telanganahc\/","title":{"rendered":"CIT v. State Bank of Hyderabad (2023) 455 ITR 122\/ 292 Taxman 38\/ 331 CTR 84\/ 222 DTR 345  (Telangana)(HC)\/Editorial : SLP of Revenue is dismissed , CIT v. State Bank of India (2024) 297 Taxman 6 (SC)"},"content":{"rendered":"<p>Hon\u2019ble Telangana High Court has held that the assessee, a banking company, had been holding its securities all along as stock-in-trade, and therefore, interest paid on such securities would be allowed as revenue expenditure. (AY. 1998-99)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) :  Business expenditure- capital or revenue-Interest paid on securities  held as stock in trade-Allowable as revenue expenditure. [S. 28(i)]<\/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-38504","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a12","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38504","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=38504"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38504\/revisions"}],"predecessor-version":[{"id":45721,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38504\/revisions\/45721"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}