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Gross Interest Can’t Be Taxed Ignoring Interest Cost: Ahmedabad ITAT

Case Law Details

Case Name : Radhika Abhishek Family Trust Akshay Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2020-21
Courts : All ITAT ITAT Ahmedabad
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Radhika Abhishek Family Trust Akshay Vs ITO (ITAT Ahmedabad)

Gross Interest Can’t Be Taxed Ignoring Interest Cost: Ahmedabad ITAT Deletes ₹9.64 Lakh 69A Addition

The Ahmedabad “SMC” Bench of the ITAT allowed the appeal of Radhika Abhishek Family Trust vs. ITO, Ward-1(3)(1), Ahmedabad, ITA No. 1952/Ahd/2025, AY 2020-21, vide order dated 18.12.2025, and Please become a Premium member. If you are already a Premium member, login here to access the full content.

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Name: CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka, India
Member Since: 17 Feb 2018 | Total Posts: 4088
CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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