https://www.taxtmi.com/caselaws?id=261814 The Tribunal concluded that the disallowance under Section 14A on interest expenditure was not justified as the assessee had sufficient own funds for investments. The Tribunal deleted the disallowance on interest expenditure and directed the AO to re-compute the disallowance of administrative expenses by considering expenses already disallowed by venture capital funds. The appeals for both assessment years were allowed in part, with specific directions for re-computation of administrative expense disallowance. en-us Fri, 17 Jul 2015 00:00:00 +0530 Thu, 23 Jul 2015 07:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261814 The Tribunal concluded that the disallowance under Section 14A on interest expenditure was not justified as the assessee had sufficient own funds for investments. The Tribunal deleted the disallowance on interest expenditure and directed the AO to re-compute the disallowance of administrative expenses by considering expenses already disallowed by venture capital funds. The appeals for both assessment years were allowed in part, with specific directions for re-computation of administrative expense disallowance. Case-Laws Income Tax Fri, 17 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261814