{"id":54273,"date":"2025-05-17T11:51:32","date_gmt":"2025-05-17T06:21:32","guid":{"rendered":"https:\/\/itatonline.org\/digest\/shri-girish-bhai-vadilal-shah-v-dcit-2024-chambers-journal-2024-april-p-107-ahdtrib\/"},"modified":"2025-05-17T11:51:32","modified_gmt":"2025-05-17T06:21:32","slug":"shri-girish-bhai-vadilal-shah-v-dcit-2024-chambers-journal-2024-april-p-107-ahdtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/shri-girish-bhai-vadilal-shah-v-dcit-2024-chambers-journal-2024-april-p-107-ahdtrib\/","title":{"rendered":"Shri Girish Bhai Vadilal Shah v. DCIT (2024) Chamber\u2019s Journal-(2024) April-P. 107 (Ahd)(Trib)"},"content":{"rendered":"<p>Held that interest expenditure is more than interest income is\u00a0 allowable as deduction. Only condition is expenditure is wholly and exclusively for earning income.(AY. 2013-14) (ITA No. 429\/ Ahd\/ 2018 dt. 15-3 2024)\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 57 : Income from other sources-Deductions-Interest expenditure is more than interest income-Allowable as deduction. [S. 56, 57(iii)] <\/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-54273","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-e7n","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54273","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=54273"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54273\/revisions"}],"predecessor-version":[{"id":54274,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54273\/revisions\/54274"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=54273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=54273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=54273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}