{"id":6045,"date":"2019-07-01T12:59:23","date_gmt":"2019-07-01T12:59:23","guid":{"rendered":"http:\/\/itatonline.org\/digest\/aditya-medisales-ltd-v-dcit-2019-176-itd-783-ahd-trib\/"},"modified":"2019-07-01T12:59:23","modified_gmt":"2019-07-01T12:59:23","slug":"aditya-medisales-ltd-v-dcit-2019-176-itd-783-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/aditya-medisales-ltd-v-dcit-2019-176-itd-783-ahd-trib\/","title":{"rendered":"Aditya Medisales Ltd. v. DCIT (2019) 176 ITD 783  (Ahd.)(Trib.)"},"content":{"rendered":"<p>Tribunal held that where the\u00a0 interest free funds available with assessee by way of capital and reserves were far more than investment made in shares yielding exempt divided income, a presumption would be\u00a0 in favour of assessee for deemed utilization of interest free funds for investments yielding tax free income in preference to borrowed funds.\u00a0 Tribunal also hed that disallowance of expenditure cannot exceed exempt income.\u00a0 (AY. 2008 09,\u00a0 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure-Exempt income-Interest free funds available-Presumption that interest free funds for investments yielding tax free income in preference to borrowed funds-Disallowance of expenditure cannot exceed exempt income. [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":[1],"tags":[],"class_list":["post-6045","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1zv","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6045","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=6045"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6045\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}