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
Saima
Jul 14, 2026Premium
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
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
162My Recent Articles
- ITAT Rules Mere inadequacy of Inquiry is not a Ground to Invoke Section 263 Premium
- ITAT Rules Separate Addition under Section 69A Cannot Survive Once Income is Estimated on Gross TurnoverPremium
- ITAT Holds Senior Citizen Deserves Fresh Opportunity to Contest Tax Additions And Orders DVO Reference on Property ValuationPremium
- ITAT Holds AO Cannot Ignore DRP Directions and Cure Defect Through CorrigendumPremium
- ITAT Deletes Rs 52.33 Lakh Addition as AO Cannot Deny Genuine Capital Loss Without Invoking Section 94(7) of Income Tax ActPremium
Up Next
Loading suggestions…
Recent Posts
All Posts
Tags
Recent Posts
All Posts