https://www.taxtmi.com/caselaws?id=260162 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions regarding disallowances under Sections 14A and 36(1)(iii) of the Income Tax Act. It ruled that disallowance under Section 14A was not warranted if no exempt income was earned, citing judicial precedents. Additionally, it affirmed the capitalization of interest on term loans and the partial relief granted by the CIT(A) based on internal accruals covering a portion of the asset value under Section 36(1)(iii). en-us Wed, 25 Mar 2015 00:00:00 +0530 Thu, 04 Jun 2015 08:20:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260162 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions regarding disallowances under Sections 14A and 36(1)(iii) of the Income Tax Act. It ruled that disallowance under Section 14A was not warranted if no exempt income was earned, citing judicial precedents. Additionally, it affirmed the capitalization of interest on term loans and the partial relief granted by the CIT(A) based on internal accruals covering a portion of the asset value under Section 36(1)(iii). Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260162