{"id":7244,"date":"2019-09-14T14:20:33","date_gmt":"2019-09-14T14:20:33","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-malhotra-book-depot-2019-416-itr-221-ph-hc\/"},"modified":"2019-09-14T14:20:33","modified_gmt":"2019-09-14T14:20:33","slug":"cit-v-malhotra-book-depot-2019-416-itr-221-ph-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-malhotra-book-depot-2019-416-itr-221-ph-hc\/","title":{"rendered":"CIT  v. Malhotra Book Depot. (2019) 416 ITR 221 (P&#038;H) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that the assessee had sufficient interest free funds\u00a0 accordingly disallowance of interest cannot be made on the ground that the money was advanced to the sister concerns without interest .\u00a0\u00a0 (AY.2011-12,\u00a0 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) :Interest on borrowed capital \u2013 Advance to sister concerns without interest   &#8211; Having sufficient interest free funds \u2013 Disallowance of interest cannot be made .<\/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-7244","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\/7244","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=7244"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7244\/revisions"}],"predecessor-version":[{"id":7245,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7244\/revisions\/7245"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}