https://www.taxtmi.com/caselaws?id=250157 The Appellate Tribunal allowed the Assessee's appeal primarily concerning the disallowance of interest expenditure under Section 14A read with Rule 8D. The Tribunal emphasized the availability of interest-free funds exceeding investments and the inapplicability of Rule 8D for the relevant assessment year. The challenge against the levy of interest under section 234B was not extensively addressed in the judgment. en-us Mon, 30 Jun 2014 00:00:00 +0530 Tue, 22 Jul 2014 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250157 The Appellate Tribunal allowed the Assessee's appeal primarily concerning the disallowance of interest expenditure under Section 14A read with Rule 8D. The Tribunal emphasized the availability of interest-free funds exceeding investments and the inapplicability of Rule 8D for the relevant assessment year. The challenge against the levy of interest under section 234B was not extensively addressed in the judgment. Case-Laws Income Tax Mon, 30 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250157