https://www.taxtmi.com/caselaws?id=251485 The tribunal dismissed the revenue's appeal, upholding the CIT (A)'s order that no disallowance under Section 14A was warranted as there was no nexus between the borrowed funds and the investments made by the assessee, and no exempt income was earned during the relevant assessment year. en-us Thu, 28 Aug 2014 00:00:00 +0530 Tue, 16 Sep 2014 11:05:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251485 The tribunal dismissed the revenue's appeal, upholding the CIT (A)'s order that no disallowance under Section 14A was warranted as there was no nexus between the borrowed funds and the investments made by the assessee, and no exempt income was earned during the relevant assessment year. Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251485