ITAT Rules Interest Paid on Borrowed Funds Cannot Be Claimed Beyond Interest Earned from Related Company :

ITAT Rules Interest Paid on Borrowed Funds Cannot Be Claimed Beyond Interest Earned from Related Company

The ITAT Visakhapatnam Rules Director Borrowing at Higher Interest and Lending to His Own Company at Lower Interest Cannot Claim Full Interest Deduction

ITAT Held Assessee Cannot Claim Deduction

authorSaimadateJul 14, 2026
Last update on Jul 14, 2026
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ITAT Rules Interest Paid on Borrowed Funds Cannot Be Claimed Beyond Interest Earned from Related Company

The ITAT Visakhapatnam Rules Director Borrowing at Higher Interest and Lending to His Own Company at Lower Interest Cannot Claim Full Interest Deduction

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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.
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