{"id":48638,"date":"2024-12-01T10:32:39","date_gmt":"2024-12-01T05:02:39","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dcit-v-btw-atlanta-transformers-india-p-ltd-2024-206-itd-670-ahd-trib\/"},"modified":"2024-12-01T10:32:39","modified_gmt":"2024-12-01T05:02:39","slug":"dcit-v-btw-atlanta-transformers-india-p-ltd-2024-206-itd-670-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dcit-v-btw-atlanta-transformers-india-p-ltd-2024-206-itd-670-ahd-trib\/","title":{"rendered":"DCIT v. BTW Atlanta Transformers India (P.) Ltd. (2024) 206 ITD 670 (Ahd) (Trib.)"},"content":{"rendered":"<p>Held that\u00a0 where assessee-company had not commenced its business activities during relevant financial year and earned interest income on fixed deposits made by it in earlier years, interest income earned on fixed deposits pertaining to period prior to commencement of business was in nature of capital receipt and pre-operative expenses of assessee had to be adjusted with this \u201ccapital receipt\u201d and only balance expense, needed to be amortized as per provisions of section 35D. (AY. 2015 -16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 4 : Charge of income-tax-Interest on fixed deposit \u2013 Not commenced its business &#8211; Interest income earned on fixed deposits pertaining to period prior to commencement of business was in nature of capital receipt. [S. 28(i),  35D] <\/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-48638","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cEu","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48638","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=48638"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48638\/revisions"}],"predecessor-version":[{"id":48639,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48638\/revisions\/48639"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=48638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=48638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=48638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}