{"id":61337,"date":"2026-06-27T11:52:10","date_gmt":"2026-06-27T06:22:10","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ravindra-madanlal-khandelwal-v-dy-cit-2024-169-taxmann-com\/"},"modified":"2026-06-27T11:53:02","modified_gmt":"2026-06-27T06:23:02","slug":"ravindra-madanlal-khandelwal-v-dy-cit-2024-169-taxmann-com","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ravindra-madanlal-khandelwal-v-dy-cit-2024-169-taxmann-com\/","title":{"rendered":"Ravindra Madanlal Khandelwal v. Dy. CIT [2024] 169 taxmann.com 457\/ (2025) 123 ITR 660\/ 234 TTJ 57(UO)  (Nagpur)(Trib.)"},"content":{"rendered":"<p>Where the assessee borrowed funds in his individual capacity and advanced the same to a private limited company in which the assessee was also a director and shareholder, in the absence of any instance of diversion of funds, interest claimed under S. 36(1)(iii), which was part of the audited books of account, could not be disallowed. (AY.2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\nS. 36(1)(iii): Interest on borrowed capital-Commercial expediency-Disallowance is deleted.[S.37(1)]<\/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_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-61337","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fXj","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61337","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=61337"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61337\/revisions"}],"predecessor-version":[{"id":61340,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61337\/revisions\/61340"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=61337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=61337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=61337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}