{"id":4845,"date":"2019-04-10T12:58:02","date_gmt":"2019-04-10T12:58:02","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-jubilant-energy-nelp-v-p-ltd-2019-261-taxman-194-delhihc\/"},"modified":"2019-07-14T03:07:46","modified_gmt":"2019-07-14T03:07:46","slug":"pcit-v-jubilant-energy-nelp-v-p-ltd-2019-261-taxman-194-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-jubilant-energy-nelp-v-p-ltd-2019-261-taxman-194-delhihc\/","title":{"rendered":"PCIT v. Jubilant Energy Nelp-V (P.) Ltd. (2019) 261 Taxman 194\/ 178 DTR 365 (Delhi)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that interest received on inter-corporate deposits (ICDs) was brought to tax as &#8216;income from other sources&#8217; .Interest paid on sum borrowed from a sister concern is held to be allowable as deduction. (AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 57 : Income from other sources\u2013Interest\u2013Intercorporate deposits (ICDS)-Interest received is held to be taxable as income from other sources\u2013Interest paid to sister concern is held to be allowable as deduction. [S. 56]<\/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-4845","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1g9","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4845","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=4845"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4845\/revisions"}],"predecessor-version":[{"id":6084,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4845\/revisions\/6084"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}