{"id":50955,"date":"2025-02-08T16:28:02","date_gmt":"2025-02-08T10:58:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/axis-bank-ltd-v-asst-cit-2024112-itr-28-ahdtrib-2\/"},"modified":"2025-02-08T16:28:02","modified_gmt":"2025-02-08T10:58:02","slug":"axis-bank-ltd-v-asst-cit-2024112-itr-28-ahdtrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/axis-bank-ltd-v-asst-cit-2024112-itr-28-ahdtrib-2\/","title":{"rendered":"Axis Bank Ltd. v. Asst. CIT (2024)112 ITR 28 (Ahd)(Trib)"},"content":{"rendered":"<p>Held that the assessee had sufficient interest free funds. The formula provided in R. \u00a08D\u00a0was to be applied only when the assessee\u2019s calculation of disallowance appeared to the Assessing Officer to be incorrect with regard to the assessee\u2019s books of account. As a result, the disallowance made by the Assessing Officer under section\u00a014A\u00a0in accordance with Rule\u00a08D\u00a0is not sustainable hence\u00a0 deleted. (AY. 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.14A : Disallowance of expenditure-Exempt income-Sufficient interest free funds-Disallowance is not justified.[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-50955","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dfR","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50955","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=50955"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50955\/revisions"}],"predecessor-version":[{"id":50956,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/50955\/revisions\/50956"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=50955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=50955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=50955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}