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
Premium
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).
Also Read
ITAT Gives Fresh Chance for Section 80G Approval After Application Was Rejected Over Wrong Code ITAT Deletes Section 68 Addition After Assessee Proves Bank-to-Bank TransferHaryana State Tax Bar Association Demands 30 Days Tax Audit Due Date ExtensionWill TAR Deadline for AY 2026-27 Be Extended Beyond September 30? Here's Experts' Advise
About Author
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
436My Recent Articles
- ITAT Deletes Section 68 Addition After Assessee Proves Bank-to-Bank TransferPremium
- High Court Sets Aside GST Demand of Rs. 2.63 Crore for Exceeding Show Cause NoticePremium
- ITAT Holds Business Expenses Can Be Incurred Through Spouse’s Credit Card and Cannot Be DisallowedPremium
- ITAT Holds Bona Fide Explanation for Belated Return Excluded from Underreported IncomePremium
- ITAT Restores 80P Deduction Claim of Co-operative Society Pending Section 119(2)(b) Condonation ApplicationPremium
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts