{"id":9779,"date":"2020-02-11T05:36:36","date_gmt":"2020-02-11T05:36:36","guid":{"rendered":"http:\/\/itatonline.org\/digest\/motilal-laxmichand-sanghavi-v-acit-2019-178-itd-710-mum-trib-2\/"},"modified":"2020-02-11T05:36:36","modified_gmt":"2020-02-11T05:36:36","slug":"motilal-laxmichand-sanghavi-v-acit-2019-178-itd-710-mum-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/motilal-laxmichand-sanghavi-v-acit-2019-178-itd-710-mum-trib-2\/","title":{"rendered":"Motilal Laxmichand Sanghavi v. ACIT (2019) 178 ITD 710 (Mum.) (Trib.)"},"content":{"rendered":"<p>The AO restricted the deduction of interest at 12% as against 15% claimed by the appellant. Tribunal held that the AO has not brought any material on record to demonstrate that payment made was excessive and unreasonable having regard to market rate. Accordingly the addition made by the AO is deleted. (AY. 2012-13 to 2014 -15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40A(2) : Expenses or payments not deductible\u2013Excessive  or unreasonable\u2013Payment of interest at 15% to HUF-Payment made to related parties-AO has not established that the payment was  excessive and unreasonable-Addition is held to be not valid. <\/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-9779","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2xJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9779","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=9779"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9779\/revisions"}],"predecessor-version":[{"id":9780,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9779\/revisions\/9780"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}