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![No disallowance of Interest on Borrowed Capital for Business purposes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/disallowance-Interest-Borrowed-Capital-Business-purposes-ITAT-Taxscan.jpg "No disallowance of Interest on Borrowed Capital for Business purposes: ITAT [Read Order]")
No disallowance of Interest on Borrowed Capital for Business purposes: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that interest paid on borrowed funds used for business purposes cannot be disallowed. ...
![Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/12/Rental-Expenses-ITAT-Taxscan.jpg "Disallowance of Rental Expenses merely as per the Leave and License Agreement can’t be Sustained: ITAT [Read Order]")
![No Violation of Income Tax Law If Assessee utilized House Loan for Advancing Loans to others for Earning Interest: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Cash-Payments.jpg "No Violation of Income Tax Law If Assessee utilized House Loan for Advancing Loans to others for Earning Interest: ITAT [Read Order]")
Interest Expenditure cannot be disallowed without proving the nexus between Borrowed Funds and its Utilisation for Non-Business Purposes: ITAT Raipur [Read Order]
The ITAT, Raipur in the case of DCIT v. Sardar Baldeo Singh Bhatia, held that the interest expenditure cannot be disallowed by the Assessing Authority without proving the nexus between borrowed funds...
![Interest Expenditure cannot be disallowed without proving the nexus between Borrowed Funds and its Utilisation for Non-Business Purposes: ITAT Raipur [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest Expenditure cannot be disallowed without proving the nexus between Borrowed Funds and its Utilisation for Non-Business Purposes: ITAT Raipur [Read Order]")