ITAT Rules Bank Loan Principal Waiver Not Taxable Under Sections 28(iv) or 41(1):
The ITAT Ahmedabad held interest waiver taxable under Section 41(1) only where earlier deduction was claimed
ITAT Directs Verification of Rs 56.23 Lakh Interest Waiver
Saima
Aug 21, 2026Premium
ITAT Rules Bank Loan Principal Waiver Not Taxable Under Sections 28(iv) or 41(1)
The ITAT Ahmedabad held interest waiver taxable under Section 41(1) only where earlier deduction was claimed
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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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