{"id":52332,"date":"2025-03-24T12:41:02","date_gmt":"2025-03-24T07:11:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/singhal-builders-v-acit-2024115-itr-378-169-taxmann-com-415-jaipurtrib\/"},"modified":"2025-03-24T12:41:02","modified_gmt":"2025-03-24T07:11:02","slug":"singhal-builders-v-acit-2024115-itr-378-169-taxmann-com-415-jaipurtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/singhal-builders-v-acit-2024115-itr-378-169-taxmann-com-415-jaipurtrib\/","title":{"rendered":"Singhal Builders v. ACIT (2024)115 ITR 378 \/ 169 taxmann.com 415 (Jaipur)(Trib)"},"content":{"rendered":"<p>Held that when interest is\u00a0 paid on the Income-tax refund amount, it is\u00a0 required to be reported under the head Income from other sources. But, the assessee had treated it as business income.\u00a0 There is\u00a0 no loss to the exchequer, when the assessee had paid tax on such income at the same rate, even though under a different heading. Addition is deleted. AY. 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 244A : Refunds-Interest on refunds-Shown any other income under the head business income-Assessable under the head income from other sources-Rate of tax unchanged-Addition  of interest income is deleted. [S. 28(i), 56]  <\/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-52332","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dC4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52332","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=52332"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52332\/revisions"}],"predecessor-version":[{"id":52333,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52332\/revisions\/52333"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}