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
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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
286My Recent Articles
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- ITAT Holds Third-Party Loose Papers Are Insufficient Without CorroborationPremium
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