{"id":54346,"date":"2025-05-19T05:55:07","date_gmt":"2025-05-19T00:25:07","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-essel-infra-projects-ltd-former-pan-india-paryatn-ltd-2024-bcaj-march-p-47-bom-hc\/"},"modified":"2025-05-19T05:55:07","modified_gmt":"2025-05-19T00:25:07","slug":"pcit-v-essel-infra-projects-ltd-former-pan-india-paryatn-ltd-2024-bcaj-march-p-47-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-essel-infra-projects-ltd-former-pan-india-paryatn-ltd-2024-bcaj-march-p-47-bom-hc\/","title":{"rendered":"PCIT v. ESSEL Infra Projects Ltd ( Former PAN India Paryatn Ltd ( 2024) BCAJ \u2013 March \u2013 P. 47 ( Bom)( HC)"},"content":{"rendered":"<p>Dismissing the appeal of the Revenue the Court held that interest free advance to subsidiary for the purpose of business . Interest is allowable as deduction . (AY. 2006 -07) \u00a0( ITA No. 927 of 2018 dt . 31 -1 -2024 )\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) :Interest on borrowed capital \u2013 Interest free advance to subsidiary \u2013 Allowable as deduction on commercial expediency .  [ S. 37(1), 260A ] <\/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-54346","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-e8y","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54346","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=54346"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54346\/revisions"}],"predecessor-version":[{"id":54347,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54346\/revisions\/54347"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=54346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=54346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=54346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}