https://www.taxtmi.com/caselaws?id=179441 The Revenue's appeal against the Commissioner (Appeals) order regarding disallowance of expenditure and application of section 14A for the assessment year 1999-2000 was dismissed. The appeal was ex-parte as the assessee did not appear, and the Tribunal upheld the decision based on the availability of surplus funds and increase in non-interest bearing funds compared to investments. The Tribunal referenced previous decisions and concluded that no expenditure by way of interest is disallowable under section 14A, ultimately dismissing the Revenue's appeal. en-us Fri, 24 Jun 2011 00:00:00 +0530 Tue, 01 Mar 2016 18:14:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179441 The Revenue's appeal against the Commissioner (Appeals) order regarding disallowance of expenditure and application of section 14A for the assessment year 1999-2000 was dismissed. The appeal was ex-parte as the assessee did not appear, and the Tribunal upheld the decision based on the availability of surplus funds and increase in non-interest bearing funds compared to investments. The Tribunal referenced previous decisions and concluded that no expenditure by way of interest is disallowable under section 14A, ultimately dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 24 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179441