{"id":9397,"date":"2020-02-02T12:34:22","date_gmt":"2020-02-02T12:34:22","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-zuari-industries-ltd-bom-hc-ur\/"},"modified":"2024-12-28T10:07:57","modified_gmt":"2024-12-28T04:37:57","slug":"cit-v-zuari-industries-ltd-bom-hc-ur","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-zuari-industries-ltd-bom-hc-ur\/","title":{"rendered":"CIT v . Zuari Industries Ltd  ( 2020) 420 ITR 323 \/ 185 DTR 281\/ 312 CTR 416\/ 115 taxmann.com 337  ( Bom) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that interest paid on borrowings for setting up of Agro Gas plant , though capitalised in the books of account is held to be allowable as deduction . \u00a0Followed CIT v. Core Health Care Ltd\u00a0 ( 2008) 298 ITR 194\/167 Taxman 206 (SC)\u00a0 (ITA No 51 of 2008 dt 22-11-2019 \/ 2 -01 2020) (AY.1995 -96)<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 36(1)(iii) :Interest on borrowed capital \u2013 Allowable as deduction though capitalised in the books of account .[ S. 43(1)Ex.8 ,145 ]<\/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-9397","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2rz","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9397","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=9397"}],"version-history":[{"count":5,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9397\/revisions"}],"predecessor-version":[{"id":49167,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9397\/revisions\/49167"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}