{"id":4826,"date":"2019-04-10T12:31:15","date_gmt":"2019-04-10T12:31:15","guid":{"rendered":"http:\/\/itatonline.org\/digest\/acit-v-janak-global-resources-p-ltd-2019-175-itd-365-chd-trib-2\/"},"modified":"2019-04-10T12:31:15","modified_gmt":"2019-04-10T12:31:15","slug":"acit-v-janak-global-resources-p-ltd-2019-175-itd-365-chd-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-janak-global-resources-p-ltd-2019-175-itd-365-chd-trib-2\/","title":{"rendered":"ACIT  v.  Janak Global Resources (P.) Ltd. (2019) 175 ITD 365 (Chd.)(Trib.)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Tribunal held that\u00a0 when the\u00a0 assessee had sufficient own interest-free funds to make investments, presumption would arise that advances made by assessee to its sister concern were out of interest-free funds .Accordingly no disallowances can be made.(AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) : Interest on borrowed capital\u2013Advance  to sister concern-  Sufficient own interest free funds-Presumption would arise that advances made by assessee to its sister concern were out of interest-free funds \u2013 No disallowances can be made.<\/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":[1],"tags":[],"class_list":["post-4826","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1fQ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4826","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=4826"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4826\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}