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of <h1>Bombay High Court Upholds Tribunal's Decision on Appeal, Cites Case Precedent</h1> The High Court of Bombay dismissed the appeals and upheld the Tribunal's findings due to similarity with a previous case. No costs were awarded. - TMI Addition u/s 14A r/w Rule 8D - Tribunal held that no investment is made by the assessee in shares and securities (Mutual funds) out of interest bearing funds - HELD THAT:- Question raised in these appeals is identical to one involved in Income Tax Appeal [2014 (7) TMI 1327 - BOMBAY HIGH COURT] even these Appeals fail. They are thus dismissed by upholding the findings of the Tribunal. No costs. The High Court of Bombay dismissed the appeals by upholding the findings of the Tribunal as the question raised was identical to a previous case. No costs were awarded. (Citation: 2014 (7) TMI 1328 - BOMBAY HIGH COURT)
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