https://www.taxtmi.com/caselaws?id=268632 The Tribunal overturned the disallowance of interest expenses on borrowed funds and under sec. 14A read with Rule 8D. It directed the Assessing Officer to delete the additions, emphasizing the necessity for proper justification and compliance with the law before disallowing expenses. en-us Wed, 14 Oct 2015 00:00:00 +0530 Mon, 30 Nov 2015 12:53:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268632 The Tribunal overturned the disallowance of interest expenses on borrowed funds and under sec. 14A read with Rule 8D. It directed the Assessing Officer to delete the additions, emphasizing the necessity for proper justification and compliance with the law before disallowing expenses. Case-Laws Income Tax Wed, 14 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268632