{"id":43608,"date":"2024-06-14T14:06:23","date_gmt":"2024-06-14T08:36:23","guid":{"rendered":"https:\/\/itatonline.org\/digest\/spicejet-ltd-v-add-cit-2023102-itr-58-delhitrib\/"},"modified":"2024-06-14T14:06:23","modified_gmt":"2024-06-14T08:36:23","slug":"spicejet-ltd-v-add-cit-2023102-itr-58-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/spicejet-ltd-v-add-cit-2023102-itr-58-delhitrib\/","title":{"rendered":"Spicejet Ltd. v. Add. CIT (2023)102 ITR 58 (Delhi)(Trib)"},"content":{"rendered":"<p>Tribunal\u00a0 relied on the decision in\u00a0 CIT v. Chennai Properties and Investment Ltd (1999) 239 ITR 435 (Mad)(HC) and held that interest paid on delayed remittance of tax is\u00a0 not allowable as deduction.\u00a0 Order in Resolve Salvage and Fire India (P) Ltd\u00a0 v. Dy.CIT (1995) 195 ITD 266 (Mum) (Trib) distinguished. \u00a0<em>(<\/em>AY. 2006-07 to 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.37(1): Business expenditure-Interest paid on delayed remittance of tax-Not allowable as deduction.  <\/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-43608","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-blm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43608","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=43608"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43608\/revisions"}],"predecessor-version":[{"id":43609,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43608\/revisions\/43609"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}