{"id":51672,"date":"2025-03-04T11:00:37","date_gmt":"2025-03-04T05:30:37","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-state-bank-of-hyderabad-2024469-itr-332-sc-editorial-cit-v-state-bank-of-hyderabad-no-2-2024469-itr-325-telanganahc\/"},"modified":"2025-08-15T15:47:22","modified_gmt":"2025-08-15T10:17:22","slug":"cit-v-state-bank-of-hyderabad-2024469-itr-332-sc-editorial-cit-v-state-bank-of-hyderabad-no-2-2024469-itr-325-telanganahc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-state-bank-of-hyderabad-2024469-itr-332-sc-editorial-cit-v-state-bank-of-hyderabad-no-2-2024469-itr-325-telanganahc\/","title":{"rendered":"CIT v. State Bank Of Hyderabad (2024)469 ITR 332 \/ (2025) 303 Taxman 165  (SC) Editorial : CIT v. State Bank of Hyderabad (No. 2) (2024)469 ITR 325 (Telangana)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the Revenue the High Court held that broken period interest paid on purchase of securities is\u00a0 allowable as revenue\u00a0\u00a0 expenditure. Followed, <em>\u00a0<\/em>CIT v. State Bank of Hyderabad (No. 1) (2024) 469 ITR 316 (Telengana)(HC). SLP of Revenue is dismissed. (AY.1997-98)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 37(1) : Business expenditure-Bank-Interest-Capital or revenue-Broken period interest paid on purchase of securities-Allowable as revenue   expenditure-SLP of Revenue is dismissed.[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-51672","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-drq","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51672","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=51672"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51672\/revisions"}],"predecessor-version":[{"id":55860,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51672\/revisions\/55860"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}