{"id":60249,"date":"2026-06-05T09:17:20","date_gmt":"2026-06-05T03:47:20","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-inductis-india-pvt-ltd2023-157-taxmann-com-87-2025-483-itr-492-delhihc-editorial-pcit-v-inductis-india-pvt-ltd-2025-175-taxmann-com-423-sc-slp-dismissed-on-account-of-delay\/"},"modified":"2026-06-05T09:17:20","modified_gmt":"2026-06-05T03:47:20","slug":"pcit-v-inductis-india-pvt-ltd2023-157-taxmann-com-87-2025-483-itr-492-delhihc-editorial-pcit-v-inductis-india-pvt-ltd-2025-175-taxmann-com-423-sc-slp-dismissed-on-account-of-delay","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-inductis-india-pvt-ltd2023-157-taxmann-com-87-2025-483-itr-492-delhihc-editorial-pcit-v-inductis-india-pvt-ltd-2025-175-taxmann-com-423-sc-slp-dismissed-on-account-of-delay\/","title":{"rendered":"PCIT v. Inductis India Pvt. Ltd(2023) 157 taxmann.com 87 \/ (2025) 483 ITR 492 (Delhi)(HC) Editorial : PCIT v. Inductis India Pvt. Ltd [2025] 175 taxmann.com 423 (SC), SLP dismissed on account of delay of 387 days."},"content":{"rendered":"<p>Court held that the Tribunal had examined the balance-sheets of the assessee and had concluded that the investments were made in the mutual funds in liquidity plan wherein the dividend was automatically reinvested with weekly frequency without any efforts for earning dividend income and that no borrowed funds were utilised and had consequently held that the disallowance under section 14A was unwarranted. (AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.14A : Disallowance of expenditure-Exempt income-No borrowed funds utilised for investment-Order of Tribunal deleting the disallowance affirmed.[R.8D(2)(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_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":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-60249","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fFL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60249","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=60249"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60249\/revisions"}],"predecessor-version":[{"id":60250,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60249\/revisions\/60250"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=60249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=60249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=60249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}