{"id":7218,"date":"2019-09-14T13:10:41","date_gmt":"2019-09-14T13:10:41","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-gujarat-state-fertilizers-and-chemicals-ltd-2019-416-itr-13-guj-hc\/"},"modified":"2019-09-14T13:10:41","modified_gmt":"2019-09-14T13:10:41","slug":"cit-v-gujarat-state-fertilizers-and-chemicals-ltd-2019-416-itr-13-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-gujarat-state-fertilizers-and-chemicals-ltd-2019-416-itr-13-guj-hc\/","title":{"rendered":"CIT  v.  Gujarat State Fertilizers and Chemicals Ltd.  (2019) 416 ITR 13 (Guj) (HC)"},"content":{"rendered":"<p>Dismissing the appeal the Court held that \u00a0the condition precedent of recording the requisite satisfaction which is a safeguard provided in S.\u00a014A\u00a0should not be overlooked before applying rule\u00a08D\u00a0. The contention of the Department that once there were mixed funds, i. e., interest free as well as interest bearing funds with the assessee, rule\u00a08D\u00a0would be attracted automatically could not be accepted. \u00a0Order of Tribunal is affirmed .(AY. 2010-11<strong>)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure &#8211; Exempt income \u2013 Recording satisfaction \u2013 Mixed funds -Recording of satisfaction is mandatory- Disallowance is not attracted automatically .   [ 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-7218","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Sq","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7218","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=7218"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7218\/revisions"}],"predecessor-version":[{"id":7219,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7218\/revisions\/7219"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}