ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]

ITAT upholds disallowance made on Interest Expenses incurred for taking Loans - ITAT upholds disallowance - ITAT - Interest Expenses incurred for taking Loans - Taxscan

The Income Tax Appellate Tribunal (ITAT) Delhi Bench upheld the disallowance made on interest expenses incurred for taking loans for making investment in shares. The assessee RRPR Holding Private Limited is an Investment Holding Company set up to acquire and hold shares of NDTV Ltd and its Group Cos. The Original return filed by the assessee…

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