https://www.taxtmi.com/caselaws?id=244905 Interest received on tax-free bonds was held not to be taxable merely because it was credited to the capital account, since ledger entries and interest certificates showed the receipt was exempt in nature; the addition was deleted. For the section 14A disallowance computed under rule 8D, the record did not contain a conclusive factual finding on whether expenditure had been incurred in relation to exempt income, so the matter was remitted for fresh speaking adjudication after hearing both sides. en-us Fri, 21 Feb 2014 00:00:00 +0530 Wed, 12 Mar 2014 07:14:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244905 Interest received on tax-free bonds was held not to be taxable merely because it was credited to the capital account, since ledger entries and interest certificates showed the receipt was exempt in nature; the addition was deleted. For the section 14A disallowance computed under rule 8D, the record did not contain a conclusive factual finding on whether expenditure had been incurred in relation to exempt income, so the matter was remitted for fresh speaking adjudication after hearing both sides. Case-Laws Income Tax Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244905