{"id":976,"date":"2018-05-24T08:38:01","date_gmt":"2018-05-24T08:38:01","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-allen-career-institute-2018-403-itr-375-raj-hc\/"},"modified":"2018-05-24T15:15:54","modified_gmt":"2018-05-24T15:15:54","slug":"cit-v-allen-career-institute-2018-403-itr-375-raj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-allen-career-institute-2018-403-itr-375-raj-hc\/","title":{"rendered":"CIT  v.  Allen Career Institute.  (2018) 403 ITR 375 \/ 161 DTR 321 (Raj) (HC)"},"content":{"rendered":"<p>Allowing the appeal of the revenue the Court held that ;interest earned on investment of surplus money is\u00a0not part of business income\u00a0 for computing the remuneration to partners .Disallowance was held to be justified .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40(b)(v) : Amounts not deductible \u2013 Partner \u2013 Remuneration &#8211; Interest earned on investment of surplus money is  not part of business income  for computing the remuneration to partners \u2013 Disallowance was held to be justified .[ S.56 ]<\/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-976","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fK","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/976","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=976"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/976\/revisions"}],"predecessor-version":[{"id":993,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/976\/revisions\/993"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}