https://www.taxtmi.com/caselaws?id=243186 The tribunal partially allowed the assessee's appeals for the assessment years 2008-09 and 2009-10, directing the Assessing Officer to re-examine the availability of interest-free funds for investments. If the funds were available, the interest component in the disallowance calculation under rule 8D had to be removed for both years, emphasizing the significance of considering the availability of interest-free funds in determining disallowances under section 14A of the Income Tax Act. en-us Fri, 24 Jan 2014 00:00:00 +0530 Mon, 27 Jan 2014 21:43:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243186 The tribunal partially allowed the assessee's appeals for the assessment years 2008-09 and 2009-10, directing the Assessing Officer to re-examine the availability of interest-free funds for investments. If the funds were available, the interest component in the disallowance calculation under rule 8D had to be removed for both years, emphasizing the significance of considering the availability of interest-free funds in determining disallowances under section 14A of the Income Tax Act. Case-Laws Income Tax Fri, 24 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243186