Delhi HC allows Adjustment of Actual Interest Expenditure Against Interest Income

CIT Vs RRPR Holding Pvt Ltd (Delhi High Court)

Introduction: The Delhi High Court’s recent judgment in the case of CIT Vs RRPR Holding Pvt Ltd for Assessment Year 2009-10 has raised crucial questions regarding the adjustment of actual interest expenditure against income earned. The appellant, representing the revenue, challenges the Income Tax Appellate Tribunal’s order dated 18.08.2021.

Detailed Analysis:

1. Background and Questions Raised: The appeal centers around three key questions of law:

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