https://www.taxtmi.com/caselaws?id=247188 The appeal involved issues regarding disallowance under Section 14A read with Rule 8D of the Income Tax Act, applicability of Section 14A when no exempt income is claimed, nexus between investments and surplus funds, investments in private limited companies and cooperative banks, consideration of various decisions by the ITAT, and disallowance for administrative expenses. The Tribunal partially allowed the appeal, deleting the disallowance under Rule 8D(ii) for interest expenditure but confirming the disallowance under Rule 8D(iii) for administrative expenses. The order was pronounced on 21/3/2014. en-us Fri, 21 Mar 2014 00:00:00 +0530 Mon, 05 May 2014 09:13:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247188 The appeal involved issues regarding disallowance under Section 14A read with Rule 8D of the Income Tax Act, applicability of Section 14A when no exempt income is claimed, nexus between investments and surplus funds, investments in private limited companies and cooperative banks, consideration of various decisions by the ITAT, and disallowance for administrative expenses. The Tribunal partially allowed the appeal, deleting the disallowance under Rule 8D(ii) for interest expenditure but confirming the disallowance under Rule 8D(iii) for administrative expenses. The order was pronounced on 21/3/2014. Case-Laws Income Tax Fri, 21 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247188