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ITAT backs Aishwarya Bachchan in Rs 1 49 crore interest deduction fight over VC fund loan
Business
Published on 9 May 2026
The tax demand failed over proof of fund use
The ITAT Mumbai ruled in favour of Aishwarya Bachchan, allowing a Rs 1.49 crore interest deduction claimed on a loan taken to invest in a venture capital fund. The Income Tax Department had denied the deduction, but the tribunal held that similar past claims were accepted and that there was enough evidence showing the borrowed money was used to generate income.
- ITAT Mumbai allowed Aishwarya Bachchan’s Rs 1.49 crore interest deduction
- Denial by the Income Tax Department was overturned by the tribunal
- Ruling leaned on consistent treatment and evidence of VC fund utilisation
- Tribunal said the loan was linked to income generation
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times