https://www.taxtmi.com/caselaws?id=249466 The Tribunal directed the Assessing Officer to re-examine the nexus between interest-free funds and investments, excluding interest costs if interest-free funds exceeded investments. Only administrative costs were allowed for disallowance, emphasizing the importance of correctly assessing the relationship between funds and investments for determining disallowances under section 14A read with Rule 8D of the Income Tax Act, 1961. The judgment clarifies the distinction between investment and stock-in-trade and highlights the significance of proper evaluation by tax authorities based on available funds and investments. en-us Fri, 13 Sep 2013 00:00:00 +0530 Tue, 15 Jul 2014 06:08:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249466 The Tribunal directed the Assessing Officer to re-examine the nexus between interest-free funds and investments, excluding interest costs if interest-free funds exceeded investments. Only administrative costs were allowed for disallowance, emphasizing the importance of correctly assessing the relationship between funds and investments for determining disallowances under section 14A read with Rule 8D of the Income Tax Act, 1961. The judgment clarifies the distinction between investment and stock-in-trade and highlights the significance of proper evaluation by tax authorities based on available funds and investments. Case-Laws Income Tax Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249466