https://www.taxtmi.com/caselaws?id=234026 The Tribunal upheld the Ld. CIT(A)'s decision to delete a portion of the addition made under Section 14A read with Rule 8D. The Tribunal found no evidence of a nexus between interest-free funds and investments generating exempt income. Relying on precedent and past assessments, the Tribunal dismissed the Revenue's appeal, affirming the Ld. CIT(A)'s order and concluding the legal proceedings on the matter. en-us Fri, 10 May 2013 00:00:00 +0530 Sat, 25 May 2013 17:56:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234026 The Tribunal upheld the Ld. CIT(A)'s decision to delete a portion of the addition made under Section 14A read with Rule 8D. The Tribunal found no evidence of a nexus between interest-free funds and investments generating exempt income. Relying on precedent and past assessments, the Tribunal dismissed the Revenue's appeal, affirming the Ld. CIT(A)'s order and concluding the legal proceedings on the matter. Case-Laws Income Tax Fri, 10 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234026