https://www.taxtmi.com/caselaws?id=253039 The Tribunal ruled in favor of the assessee by deleting the disallowance made under Section 14A read with Rule 8D. The disallowance under Section 36(1)(iii) regarding interest-free loans was also deleted. Additionally, the disallowance of expenses incurred on transmission lines and contributions paid to UPPCL under Section 37(1) was overturned. The Tribunal found that the disallowances were not justified as per relevant provisions and precedents. The appeal was dismissed, upholding the Tribunal's findings without any order as to costs. en-us Wed, 05 Nov 2014 00:00:00 +0530 Thu, 14 May 2015 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253039 The Tribunal ruled in favor of the assessee by deleting the disallowance made under Section 14A read with Rule 8D. The disallowance under Section 36(1)(iii) regarding interest-free loans was also deleted. Additionally, the disallowance of expenses incurred on transmission lines and contributions paid to UPPCL under Section 37(1) was overturned. The Tribunal found that the disallowances were not justified as per relevant provisions and precedents. The appeal was dismissed, upholding the Tribunal's findings without any order as to costs. Case-Laws Income Tax Wed, 05 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253039