https://www.taxtmi.com/caselaws?id=170749 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to exclude investments in special purpose vehicles (SPVs) from the disallowance calculation under section 14A of the Income Tax Act. It emphasized that expenses and interest related to investments made for commercial expediency, such as forming SPVs for specific projects, should not be disallowed. The Tribunal upheld the exclusion of SPV investments and instructed the recalculation of disallowance based on the remaining investments, aligning with the principle that investments for commercial expediency should not be considered for disallowance under section 14A. en-us Fri, 21 Nov 2014 00:00:00 +0530 Mon, 16 Feb 2015 12:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170749 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to exclude investments in special purpose vehicles (SPVs) from the disallowance calculation under section 14A of the Income Tax Act. It emphasized that expenses and interest related to investments made for commercial expediency, such as forming SPVs for specific projects, should not be disallowed. The Tribunal upheld the exclusion of SPV investments and instructed the recalculation of disallowance based on the remaining investments, aligning with the principle that investments for commercial expediency should not be considered for disallowance under section 14A. Case-Laws Income Tax Fri, 21 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170749