ITAT Holds Borrowings Accepted in Earlier Year Cannot Be Reopened Without Change in Facts:
The ITAT Ahmedabad rules that interest on liabilities acquired through slump sale is allowable under Section 36(1)(iii).
ITAT Deletes Rs 282.95 Crore Interest Disallowance
Saima
Jul 23, 2026
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ITAT Holds Borrowings Accepted in Earlier Year Cannot Be Reopened Without Change in Facts
The ITAT Ahmedabad rules that interest on liabilities acquired through slump sale is allowable under Section 36(1)(iii).
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Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
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