{"id":43194,"date":"2024-06-07T19:19:02","date_gmt":"2024-06-07T13:49:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/garve-motors-p-ltd-v-acit-2023-199-itd-136-pune-trib-2\/"},"modified":"2024-06-07T19:19:02","modified_gmt":"2024-06-07T13:49:02","slug":"garve-motors-p-ltd-v-acit-2023-199-itd-136-pune-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/garve-motors-p-ltd-v-acit-2023-199-itd-136-pune-trib-2\/","title":{"rendered":"Garve Motors (P.) Ltd. v. ACIT (2023) 199 ITD 136 (Pune) (Trib.)"},"content":{"rendered":"<p>Held that the assessee neither brought on record any authorisation from banker entitling such diversion of funds to sister concern nor placed any evidential material to substantiate that such diversion of funds was triggered on account of business exigencies vis-a-vis obligation and commercial expediency, therefore, proportionate interest on said diverted funds is\u00a0 to be disallowed. (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) : Interest on borrowed capital-Diversion of funds-Proportionate interest paid on said diverted funds was to be disallowed. <\/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-43194","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-beG","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43194","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=43194"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43194\/revisions"}],"predecessor-version":[{"id":43195,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43194\/revisions\/43195"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}