https://www.taxtmi.com/caselaws?id=177324 A disallowance under section 14A read with Rule 8D was required to be re-examined because the assessee claimed that its own funds exceeded borrowed funds and the investments were made from interest-free resources; the matter was remanded for fresh consideration on that basis. An addition for alleged undisclosed professional receipts, made only from a mismatch with the Annual Information Return, was not sustained where the receipts disclosed in the return were substantially higher and the difference appeared minor, possibly due to the accounting method adopted; that addition was deleted. en-us Fri, 17 Apr 2015 00:00:00 +0530 Thu, 07 Jan 2016 10:37:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177324 A disallowance under section 14A read with Rule 8D was required to be re-examined because the assessee claimed that its own funds exceeded borrowed funds and the investments were made from interest-free resources; the matter was remanded for fresh consideration on that basis. An addition for alleged undisclosed professional receipts, made only from a mismatch with the Annual Information Return, was not sustained where the receipts disclosed in the return were substantially higher and the difference appeared minor, possibly due to the accounting method adopted; that addition was deleted. Case-Laws Income Tax Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177324