https://www.taxtmi.com/caselaws?id=179719 The Tribunal upheld the deletion of the addition under Section 14A, as the interest-free funds were used for investments by the assessee engaged in manufacturing activities. The Tribunal also confirmed the treatment of capital gains as not business income, emphasizing the lack of evidence supporting share trading as the main activity of the assessee, whose primary business was manufacturing detergent cakes. The Appeal was dismissed, affirming the Tribunal's decision. en-us Mon, 25 Jul 2011 00:00:00 +0530 Tue, 08 Mar 2016 17:31:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179719 The Tribunal upheld the deletion of the addition under Section 14A, as the interest-free funds were used for investments by the assessee engaged in manufacturing activities. The Tribunal also confirmed the treatment of capital gains as not business income, emphasizing the lack of evidence supporting share trading as the main activity of the assessee, whose primary business was manufacturing detergent cakes. The Appeal was dismissed, affirming the Tribunal's decision. Case-Laws Income Tax Mon, 25 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179719