{"id":8541,"date":"2019-12-17T12:20:37","date_gmt":"2019-12-17T12:20:37","guid":{"rendered":"http:\/\/itatonline.org\/digest\/shree-laxmi-estate-p-ltd-v-ito-2019-178-itd-98-mum-trib-2\/"},"modified":"2021-06-27T17:45:38","modified_gmt":"2021-06-27T12:15:38","slug":"shree-laxmi-estate-p-ltd-v-ito-2019-178-itd-98-mum-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/shree-laxmi-estate-p-ltd-v-ito-2019-178-itd-98-mum-trib-2\/","title":{"rendered":"Shree Laxmi Estate (P. ) Ltd.  v.  ITO (2019) 178 ITD 98\/(2020) 204 TTJ 351  (Mum.)(Trib.)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that borrowed amounts were utilised for purpose of construction business, hence disallowance is held to be not valid. \u00a0\u00a0\u00a0\u00a0(AY 2013 \u2013 2014)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) : Interest on borrowed capital-Borrowings were utilized  for purpose of construction business-No disallowances can 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-8541","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2dL","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8541","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=8541"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8541\/revisions"}],"predecessor-version":[{"id":19706,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8541\/revisions\/19706"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}