https://www.taxtmi.com/caselaws?id=120898 The Tribunal partially allowed the appeal, ruling that the disallowance of interest expenditure under Section 14A was unjustified since no exempt income was earned during the assessment year. It further instructed the AO to reconsider the classification of interest expenses as capital expenditure, referencing the Tribunal's decision in Birla Group of Holdings Ltd. The appeal was allowed for statistical purposes. en-us Mon, 15 Oct 2007 00:00:00 +0530 Wed, 10 Jan 2024 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120898 The Tribunal partially allowed the appeal, ruling that the disallowance of interest expenditure under Section 14A was unjustified since no exempt income was earned during the assessment year. It further instructed the AO to reconsider the classification of interest expenses as capital expenditure, referencing the Tribunal's decision in Birla Group of Holdings Ltd. The appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 15 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120898