{"id":60860,"date":"2026-06-18T12:15:36","date_gmt":"2026-06-18T06:45:36","guid":{"rendered":"https:\/\/itatonline.org\/digest\/laqshya-media-ltd-v-acit-2025-213-itd-588-mum-trib\/"},"modified":"2026-06-18T12:15:36","modified_gmt":"2026-06-18T06:45:36","slug":"laqshya-media-ltd-v-acit-2025-213-itd-588-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/laqshya-media-ltd-v-acit-2025-213-itd-588-mum-trib\/","title":{"rendered":"Laqshya Media Ltd. v. ACIT (2025) 213 ITD 588 (Mum.)(Trib.)"},"content":{"rendered":"<p>Held that during the year under consideration, assessee had not advanced any interest-free loan to its subsidiary companies and all interest-free loans were granted in preceding years, no disallowance could be made under section 36(1)(iii) on account of interest paid on working capital loan. (AY. 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii): Interest on borrowed capital-Working capital loan-Interest-free loans were advanced in earlier years-Interest paid on working capital loan cannot be disallowed. <\/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-60860","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fPC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60860","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=60860"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60860\/revisions"}],"predecessor-version":[{"id":60861,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60860\/revisions\/60861"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=60860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=60860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=60860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}