https://www.taxtmi.com/caselaws?id=177825 The Tribunal partly allowed the appeal, restoring the matter of interest income on government funds to the Assessing Officer for re-adjudication in light of the State Government's order. The disallowance under Section 14A with Rule 8D was deleted as the Assessing Officer did not record objective satisfaction, contrary to judicial pronouncements, and no expenditure was found to have been incurred for earning exempt income. en-us Fri, 23 Jan 2015 00:00:00 +0530 Wed, 20 Jan 2016 10:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177825 The Tribunal partly allowed the appeal, restoring the matter of interest income on government funds to the Assessing Officer for re-adjudication in light of the State Government's order. The disallowance under Section 14A with Rule 8D was deleted as the Assessing Officer did not record objective satisfaction, contrary to judicial pronouncements, and no expenditure was found to have been incurred for earning exempt income. Case-Laws Income Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177825