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

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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…

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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.

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