{"id":44614,"date":"2024-07-27T16:55:46","date_gmt":"2024-07-27T11:25:46","guid":{"rendered":"https:\/\/itatonline.org\/digest\/chomansingh-m-deora-v-pcit-2023-203-itd-240-mum-trib\/"},"modified":"2024-07-27T16:55:46","modified_gmt":"2024-07-27T11:25:46","slug":"chomansingh-m-deora-v-pcit-2023-203-itd-240-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/chomansingh-m-deora-v-pcit-2023-203-itd-240-mum-trib\/","title":{"rendered":"Chomansingh M. Deora. v. PCIT (2023) 203 ITD 240 (Mum) (Trib.)"},"content":{"rendered":"<p>Tribunal held that\u00a0 from record that neither details regarding nexus of interest expenditure with interest income was sought by Assessing Officer during assessment proceedings nor same was furnished by assessee. Thus, there was no examination of nexus between interest income and interest expenditure as per section 57.\u00a0 Accordingly the Revision order directing Assessing Officer\u00a0 to reframe assessment after examining allowability of interest expenses as per section 57 is\u00a0 justified. (AY. 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 :  Commissioner-Revision of orders prejudicial to revenue-Interest expenditure-Nexus of interest expenditure with interest income-Revision order is affirmed.[S. 57] <\/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-44614","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bBA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44614","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=44614"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44614\/revisions"}],"predecessor-version":[{"id":44615,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44614\/revisions\/44615"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}