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![No Disallowance of Interest Expenses if Investment was made to acquire controlling interest: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Disallowance-of-Interest-Expenses-Investment-acquire-controlling-interest-ITAT.jpg "No Disallowance of Interest Expenses if Investment was made to acquire controlling interest: ITAT [Read Order]")
No Disallowance of Interest Expenses if Investment was made to acquire controlling interest: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that no disallowance can be made for interest expenses if the investment was made...