{"id":48886,"date":"2024-12-16T15:12:29","date_gmt":"2024-12-16T09:42:29","guid":{"rendered":"https:\/\/itatonline.org\/digest\/tata-steel-ltd-v-dy-cit-2024109-itr-18-mum-trib-2\/"},"modified":"2024-12-16T15:12:29","modified_gmt":"2024-12-16T09:42:29","slug":"tata-steel-ltd-v-dy-cit-2024109-itr-18-mum-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/tata-steel-ltd-v-dy-cit-2024109-itr-18-mum-trib-2\/","title":{"rendered":"Tata Steel Ltd. v. Dy. CIT (2024)109 ITR 18 (Mum) (Trib)"},"content":{"rendered":"<p>Held that the debentures were actually repaid and the interest on debentures was allowable as an expenditure under section\u00a036(1)(iii)\u00a0of the Act. (AY.2019-20)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) :Interest on borrowed capital-Perpetual non-convertible debentures \u2014Debentures as appropriation out of profits in financial statements 1Debentures repaid in exercise of  call option 1Interest 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-48886","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cIu","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48886","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=48886"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48886\/revisions"}],"predecessor-version":[{"id":48887,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48886\/revisions\/48887"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=48886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=48886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=48886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}