{"id":51914,"date":"2025-03-18T11:04:16","date_gmt":"2025-03-18T05:34:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-guru-nanak-milk-products-2024114-itr-344-232-ttj-325-amritsar-trib\/"},"modified":"2025-03-18T11:04:16","modified_gmt":"2025-03-18T05:34:16","slug":"dy-cit-v-guru-nanak-milk-products-2024114-itr-344-232-ttj-325-amritsar-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-guru-nanak-milk-products-2024114-itr-344-232-ttj-325-amritsar-trib\/","title":{"rendered":"Dy. CIT v. Guru Nanak Milk Products (2024)114 ITR 344 \/232 TTJ 325 (Amritsar (Trib)"},"content":{"rendered":"<p>Held that the amount borrowed form\u00a0 cash credit account are Investments in immovable properties and shares of\u00a0 other companies for the purpose of business purpose\u00a0 Disallowance of interest is deleted. \u00a0(AY.2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) :Interest on borrowed capital-Interest paid on cash credit account-Investments in immovable properties and shares of  other companies-Business purpose-Disallowance 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-51914","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dvk","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51914","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=51914"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51914\/revisions"}],"predecessor-version":[{"id":51915,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/51914\/revisions\/51915"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=51914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=51914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=51914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}