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Income Tax | Borrowed for Control, Deducted by Law: ITAT Shields Strategic-Investment Interest u/s 36(1)(iii)

1 Sept 2026 · 1 Sept 2026By CA Vijayakumar Shetty

ITAT Bangalore deletes ₹10.46 crore interest disallowance where strategic investments served business purposes and sufficient interest-free funds were available. The post Borrowed for Control, Deducted by Law: ITAT Shields Strategic-Investment Interest u/s 36(1)(iii) appeared first on TaxGuru .

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