{"id":55042,"date":"2025-06-24T15:49:53","date_gmt":"2025-06-24T10:19:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dcit-v-icici-bank-ltd-2025210-itd-643-mumtrib\/"},"modified":"2025-06-24T15:49:53","modified_gmt":"2025-06-24T10:19:53","slug":"dcit-v-icici-bank-ltd-2025210-itd-643-mumtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dcit-v-icici-bank-ltd-2025210-itd-643-mumtrib\/","title":{"rendered":"DCIT v. ICICI Bank Ltd. (2025)210 ITD 643 (Mum)(Trib.)"},"content":{"rendered":"<p><strong>Held that <\/strong>the\u00a0 assessee had sufficient interest free funds available for making investments in tax free securities, it was to be presumed that interest free funds had been utilized for making investments.The\u00a0 Assessing Officer was not justified in applying rule 8D and making disallowance of expenditure under section 14A related to tax free investments. (AY.\u00a0 2006-07)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure-Exempt income-Sufficient interest free funds-Investment in securities-Disallowance is deleted.[R.8D] <\/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-55042","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ejM","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55042","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=55042"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55042\/revisions"}],"predecessor-version":[{"id":55043,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/55042\/revisions\/55043"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=55042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=55042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=55042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}