https://www.taxtmi.com/caselaws?id=177023 The Tribunal allowed the assessee's appeal, deleting the disallowance of Rs. 1,08,65,937/- under Section 14A read with Rule 8D. The Tribunal emphasized that the AO must establish a nexus between the borrowed funds and the investments yielding exempt income to invoke the provisions of Section 14A and Rule 8D. The appeal of the assessee was allowed, and the disallowance under Section 14A read with Rule 8D was deleted. en-us Wed, 22 Aug 2012 00:00:00 +0530 Fri, 15 Sep 2017 09:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177023 The Tribunal allowed the assessee's appeal, deleting the disallowance of Rs. 1,08,65,937/- under Section 14A read with Rule 8D. The Tribunal emphasized that the AO must establish a nexus between the borrowed funds and the investments yielding exempt income to invoke the provisions of Section 14A and Rule 8D. The appeal of the assessee was allowed, and the disallowance under Section 14A read with Rule 8D was deleted. Case-Laws Income Tax Wed, 22 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177023