https://www.taxtmi.com/caselaws?id=266428 The Tribunal set aside the disallowance of expenses under section 14A of the Income Tax Act and interest expenditure for the Assessing Officer to decide based on the proportionate basis of investments made from common funds. The lack of a separate account for investments led to the confirmation of disallowances by the CIT(A). The Tribunal emphasized the need for clear documentation and a speaking order in accordance with the law for disallowance of expenses, as highlighted in a previous case. en-us Tue, 01 Sep 2015 00:00:00 +0530 Tue, 20 Oct 2015 07:49:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266428 The Tribunal set aside the disallowance of expenses under section 14A of the Income Tax Act and interest expenditure for the Assessing Officer to decide based on the proportionate basis of investments made from common funds. The lack of a separate account for investments led to the confirmation of disallowances by the CIT(A). The Tribunal emphasized the need for clear documentation and a speaking order in accordance with the law for disallowance of expenses, as highlighted in a previous case. Case-Laws Income Tax Tue, 01 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266428