{"id":50749,"date":"2025-02-08T14:16:43","date_gmt":"2025-02-08T08:46:43","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-kalpataru-power-transmission-ltd-2024-301-taxman-427-guj-hc-2\/"},"modified":"2025-02-08T14:16:43","modified_gmt":"2025-02-08T08:46:43","slug":"pcit-v-kalpataru-power-transmission-ltd-2024-301-taxman-427-guj-hc-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-kalpataru-power-transmission-ltd-2024-301-taxman-427-guj-hc-2\/","title":{"rendered":"PCIT v. Kalpataru Power Transmission Ltd. (2024) 301 Taxman 427 (Guj.)(HC)"},"content":{"rendered":"<p>The High Court in case of\u00a0<em>CIT<\/em>\u00a0v.\u00a0Suzlon Energy Ltd.\u00a0[2013] 33 taxmann.com 151\/215\u00a0Taxman\u00a0272\/354 ITR 630 (Guj)(HC) \u00a0has held that where the assessee had own interest free funds many times over the investment made in its subsidiaries and further, there was no direct nexus between the interest bearing borrowed funds and such investment, no disallowance of interest expenditure could be made under section 14A. Order of Tribunal is affirmed. (AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure-Exempt income-Own interest free funds-Investment in its subsidiaries-No disallowance of interest expenditure can be made.[R.8D] <\/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-50749","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dcx","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50749","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=50749"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50749\/revisions"}],"predecessor-version":[{"id":50750,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50749\/revisions\/50750"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=50749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=50749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=50749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}