{"id":51906,"date":"2025-03-18T11:03:00","date_gmt":"2025-03-18T05:33:00","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-avinash-builders-2024114-itr-324-raipurtrib\/"},"modified":"2025-03-18T11:03:00","modified_gmt":"2025-03-18T05:33:00","slug":"dy-cit-v-avinash-builders-2024114-itr-324-raipurtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-avinash-builders-2024114-itr-324-raipurtrib\/","title":{"rendered":"Dy. CIT v. Avinash Builders (2024)114 ITR 324 (Raipur)(Trib)"},"content":{"rendered":"<p>Held that if there is\u00a0 sufficient interest-free funds available with the assessee and such funds were advanced without charging any interest, the disallowance under section\u00a036(1)(iii)\u00a0on account of notional interest was unjustifiable. As the assessee\u2019s interest-free funds were adequate to cover the amounts overdrawn by the partners, the addition made by the Assessing Officer under section\u00a036(1)(iii)\u00a0is\u00a0 not valid.\u00a0 (AY.2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) :Interest on borrowed capital-Interest free funds-Capital withdrawn-Addition is deleted. <\/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-51906","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dvc","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51906","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=51906"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51906\/revisions"}],"predecessor-version":[{"id":51907,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51906\/revisions\/51907"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}