https://www.taxtmi.com/caselaws?id=247383 The Tribunal upheld the Ld. CIT (A)'s decision to delete the disallowance of interest amounting to Rs.22,92,332 under Section 14A read with Rule 8D for Assessment Year 2009-10. The Tribunal dismissed the Department's appeal, finding no merit in their argument against the reduction of disallowance made by the Ld. CIT (A). The Tribunal agreed with the Ld. CIT (A)'s well-reasoned findings, ultimately affirming the decision to not impose the disallowance under Section 14A for the relevant assessment year. en-us Wed, 30 Apr 2014 00:00:00 +0530 Sat, 10 May 2014 08:05:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247383 The Tribunal upheld the Ld. CIT (A)'s decision to delete the disallowance of interest amounting to Rs.22,92,332 under Section 14A read with Rule 8D for Assessment Year 2009-10. The Tribunal dismissed the Department's appeal, finding no merit in their argument against the reduction of disallowance made by the Ld. CIT (A). The Tribunal agreed with the Ld. CIT (A)'s well-reasoned findings, ultimately affirming the decision to not impose the disallowance under Section 14A for the relevant assessment year. Case-Laws Income Tax Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247383