HomeDirect TaxInterest Can Be Reduced from Dividend Income Only If Linked to Borrowed...

Interest Can Be Reduced from Dividend Income Only If Linked to Borrowed Funds: Punjab & Haryana HC 

Published on

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Punjab and Haryana High Court has ruled that interest expenditure can be reduced from dividend income only when a clear and direct nexus is established between borrowed funds and the investments generating such income, dismissing a long-pending tax appeal and reaffirming settled principles of income tax law. The bench of Justice Jagmohan Bansal and…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

MCA Plans New “Indian Institute of Accounting” to Standardize CA, CS & CMA Exams

In a significant development that could reshape India’s professional education landscape, the Ministry of...

Deferred Payment of Customs Duty Facility Extended to Eligible Manufacturer Importers Till 2028

The Office of the Principal Commissioner of Customs (Import), Air Cargo Complex, Mumbai has...

GSTAT Appeal Filed Before Wrong Bench? Jurisdictional Errors Can Defeat Remedy — 10 Dos & Don’ts for Effective Filing & Representation

The operationalisation of the Goods and Services Tax Appellate Tribunal (GSTAT) marks a transformative...

Technical Errors Should Not Defeat Justice: GSTAT Directs Transfer of Appeal Filed Before Wrong Bench 

The Goods and Services Tax Appellate Tribunal (GSTAT), Principal Bench has clarified that technical...

More like this

MCA Plans New “Indian Institute of Accounting” to Standardize CA, CS & CMA Exams

In a significant development that could reshape India’s professional education landscape, the Ministry of...

Deferred Payment of Customs Duty Facility Extended to Eligible Manufacturer Importers Till 2028

The Office of the Principal Commissioner of Customs (Import), Air Cargo Complex, Mumbai has...

GSTAT Appeal Filed Before Wrong Bench? Jurisdictional Errors Can Defeat Remedy — 10 Dos & Don’ts for Effective Filing & Representation

The operationalisation of the Goods and Services Tax Appellate Tribunal (GSTAT) marks a transformative...