https://www.taxtmi.com/caselaws?id=252901 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. The disallowance under Section 14A was upheld, while the disallowance of interest under Section 36(1)(iii) was deleted. The Tribunal found the interest expenses justified and necessary for business purposes, concluding that the retained disallowance was unsustainable. The order was pronounced in Ahmedabad on October 31, 2014. en-us Fri, 31 Oct 2014 00:00:00 +0530 Thu, 06 Nov 2014 22:05:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252901 The Tribunal partly allowed the assessee's appeal and dismissed the Revenue's appeal. The disallowance under Section 14A was upheld, while the disallowance of interest under Section 36(1)(iii) was deleted. The Tribunal found the interest expenses justified and necessary for business purposes, concluding that the retained disallowance was unsustainable. The order was pronounced in Ahmedabad on October 31, 2014. Case-Laws Income Tax Fri, 31 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252901