https://www.taxtmi.com/caselaws?id=260722 The Tribunal dismissed both the Revenue's and Assessee's appeals, upholding the CIT(A)'s decisions. The disallowance of interest under Proviso to Sec.36(1)(iii) was deleted due to lack of evidence of capital borrowed for capital work-in-progress. The addition on account of depreciation was also deleted as the facts were identical to the previous year, with no material differences provided by the Revenue. The disallowance under section 14A of the Act was confirmed based on Rule 8D of the IT Rules, resulting in the dismissal of the Assessee's appeal. en-us Thu, 11 Jun 2015 00:00:00 +0530 Mon, 22 Jun 2015 06:26:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260722 The Tribunal dismissed both the Revenue's and Assessee's appeals, upholding the CIT(A)'s decisions. The disallowance of interest under Proviso to Sec.36(1)(iii) was deleted due to lack of evidence of capital borrowed for capital work-in-progress. The addition on account of depreciation was also deleted as the facts were identical to the previous year, with no material differences provided by the Revenue. The disallowance under section 14A of the Act was confirmed based on Rule 8D of the IT Rules, resulting in the dismissal of the Assessee's appeal. Case-Laws Income Tax Thu, 11 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260722