{"id":63656,"date":"2026-08-04T05:41:56","date_gmt":"2026-08-04T00:11:56","guid":{"rendered":"https:\/\/itatonline.org\/digest\/hdfc-bank-ltd-successor-to-housing-development-finance-corporation-ltd-v-dy-cit-2025-125-itr-629-mum-trib\/"},"modified":"2026-08-04T05:41:56","modified_gmt":"2026-08-04T00:11:56","slug":"hdfc-bank-ltd-successor-to-housing-development-finance-corporation-ltd-v-dy-cit-2025-125-itr-629-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/hdfc-bank-ltd-successor-to-housing-development-finance-corporation-ltd-v-dy-cit-2025-125-itr-629-mum-trib\/","title":{"rendered":"HDFC Bank Ltd. (Successor to Housing Development Finance Corporation Ltd.) v. Dy. CIT (2025) 125 ITR 629 (Mum.)(Trib.)"},"content":{"rendered":"<p>The Tribunal found that dividend-yielding investments had been made from the assessee&#8217;s own funds and not from borrowed funds. Accordingly, no interest expenditure could be disallowed while computing exempt dividend income. However, administrative and other common expenses were directed to be apportioned on a reasonable basis with reference to the ratio of investments yielding exempt income to the average total assets. <strong>(<\/strong>AY. 1999-2000 to 2001-02).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.14A: Disallowance of expenditure- Exempt income-Dividend income-Investments made out of own funds-No interest disallowance-Administrative expenditure to be reasonably apportioned.[S.10(33), 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_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-63656","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gyI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63656","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=63656"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63656\/revisions"}],"predecessor-version":[{"id":63657,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/63656\/revisions\/63657"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=63656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=63656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=63656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}