{"id":38801,"date":"2024-02-02T11:56:27","date_gmt":"2024-02-02T06:26:27","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-brahmaputra-cracker-and-polymer-ltd-2023-454-itr-202-gauhatihc\/"},"modified":"2024-10-10T14:51:57","modified_gmt":"2024-10-10T09:21:57","slug":"pcit-v-brahmaputra-cracker-and-polymer-ltd-2023-454-itr-202-gauhatihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-brahmaputra-cracker-and-polymer-ltd-2023-454-itr-202-gauhatihc\/","title":{"rendered":"PCIT v. Brahmaputra Cracker and Polymer Ltd. (2023) 454 ITR 202 \/ (2024) 337 CTR 615(Gauhati)(HC)"},"content":{"rendered":"<p>Dismissing the appeals of the Revenue the Court held that\u00a0 the interest received by the assessee from short-term deposits made out of unutilized capital subsidy, unutilized debt funds, and unutilized equity funds received as capital during the formative years till the project was completed was rightly claimed by the assessee as capital receipts. No question of law. (AY.\u00a0 2011-12, 2014-15, 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax-Interest-Short term deposits-Funds placed with banks during period of  construction of  project-Interest earned is  capital in nature. [S. 28(i), 145, 260A] <\/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-38801","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a5P","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38801","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=38801"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38801\/revisions"}],"predecessor-version":[{"id":46980,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38801\/revisions\/46980"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}