{"id":49188,"date":"2024-12-28T10:34:09","date_gmt":"2024-12-28T05:04:09","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-central-v-shapoorji-pallonji-and-co-ltd-2024-300-taxman-182-sc-editorial-pcit-central-v-shapoorji-pallonji-and-co-ltd-2024-164-taxman-com-707-bomhc\/"},"modified":"2024-12-28T10:34:09","modified_gmt":"2024-12-28T05:04:09","slug":"pcit-central-v-shapoorji-pallonji-and-co-ltd-2024-300-taxman-182-sc-editorial-pcit-central-v-shapoorji-pallonji-and-co-ltd-2024-164-taxman-com-707-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-central-v-shapoorji-pallonji-and-co-ltd-2024-300-taxman-182-sc-editorial-pcit-central-v-shapoorji-pallonji-and-co-ltd-2024-164-taxman-com-707-bomhc\/","title":{"rendered":"PCIT, Central v. Shapoorji Pallonji and Co. Ltd. (2024) 300 Taxman 182 (SC) Editorial : PCIT, Central v. Shapoorji Pallonji and Co. Ltd. (2024) 164 taxman.com 707 (Bom)(HC)"},"content":{"rendered":"<p>Dismissing the SLP of the Revenue the Court held that High Court held that where both interest-free and interest bearing funds were available with assessee, it was to be presumed that investments were made out of interest-free fund and, thus, disallowance made under section 14A was to be deleted.\u00a0 AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure-Exempt income-Interest free funds-Presumed that investments were made out of interest-free fund-Disallowance cannot be made-Order of High Court is affirmed-SLP of Revenue is dismissed. [R. 8D, Art.136] <\/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-49188","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cNm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49188","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=49188"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49188\/revisions"}],"predecessor-version":[{"id":49189,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/49188\/revisions\/49189"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=49188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=49188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=49188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}