https://www.taxtmi.com/caselaws?id=249717 The High Court dismissed all tax appeals, ruling in favor of the assessee. It upheld the decisions of the ITAT and CIT(A) regarding the disallowances of interest expenditure under section 36(1)(iii) of the Income Tax Act and disallowance under section 14A for different assessment years. The Court found that the investments were made out of interest-free funds, supporting the deletion of disallowances. The disallowance under section 14A was limited to a specific amount based on the factual position of the case and the availability of profit and interest-free funds. en-us Tue, 10 Dec 2013 00:00:00 +0530 Mon, 22 Jun 2026 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249717 The High Court dismissed all tax appeals, ruling in favor of the assessee. It upheld the decisions of the ITAT and CIT(A) regarding the disallowances of interest expenditure under section 36(1)(iii) of the Income Tax Act and disallowance under section 14A for different assessment years. The Court found that the investments were made out of interest-free funds, supporting the deletion of disallowances. The disallowance under section 14A was limited to a specific amount based on the factual position of the case and the availability of profit and interest-free funds. Case-Laws Income Tax Tue, 10 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249717