https://www.taxtmi.com/caselaws?id=182415 The Tribunal partially allowed both the assessee's and Revenue's appeals, holding that section 14A of the Act does not apply when investments are made in sister concerns for strategic business purposes and not for earning exempt income. The Tribunal directed the Assessing Officer to delete the disallowance under section 14A for investments in sister concerns, except when funded by borrowed funds. The judgment provided a detailed analysis of legal precedents and the application of section 14A in the context of investments in sister companies. en-us Wed, 03 Feb 2016 00:00:00 +0530 Mon, 09 May 2016 23:53:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182415 The Tribunal partially allowed both the assessee's and Revenue's appeals, holding that section 14A of the Act does not apply when investments are made in sister concerns for strategic business purposes and not for earning exempt income. The Tribunal directed the Assessing Officer to delete the disallowance under section 14A for investments in sister concerns, except when funded by borrowed funds. The judgment provided a detailed analysis of legal precedents and the application of section 14A in the context of investments in sister companies. Case-Laws Income Tax Wed, 03 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182415