https://www.taxtmi.com/caselaws?id=236071 The Tribunal dismissed both the Revenue's and Assessee's appeals. The Tribunal upheld the CIT(A)'s decisions on deleting the disallowance of interest paid on loans and restricting the disallowance under Section 14A to Rs. 20,000. The Tribunal's rulings were supported by precedents, absence of contradictory evidence, and the principle of commercial expediency. en-us Wed, 31 Jul 2013 00:00:00 +0530 Sat, 20 Aug 2016 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236071 The Tribunal dismissed both the Revenue's and Assessee's appeals. The Tribunal upheld the CIT(A)'s decisions on deleting the disallowance of interest paid on loans and restricting the disallowance under Section 14A to Rs. 20,000. The Tribunal's rulings were supported by precedents, absence of contradictory evidence, and the principle of commercial expediency. Case-Laws Income Tax Wed, 31 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236071