https://www.taxtmi.com/caselaws?id=330443 The Tribunal allowed the Assessee's appeals regarding the disallowance under section 14A of the Income Tax Act for Assessment Years 2008-09 and 2009-10. The Tribunal agreed with the Assessee's argument that no disallowance should be made as investments were from interest-free funds, following relevant case law. The Tribunal directed the deletion of the addition made by the Assessing Officer, ruling in favor of the Assessee. Additionally, the Tribunal dismissed the Revenue's appeal concerning the adjustment of disallowance under section 14A while computing Minimum Alternate Tax (MAT) profits under section 115JB for Assessment Year 2009-10. en-us Thu, 14 Jul 2016 00:00:00 +0530 Mon, 25 Jul 2016 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330443 The Tribunal allowed the Assessee's appeals regarding the disallowance under section 14A of the Income Tax Act for Assessment Years 2008-09 and 2009-10. The Tribunal agreed with the Assessee's argument that no disallowance should be made as investments were from interest-free funds, following relevant case law. The Tribunal directed the deletion of the addition made by the Assessing Officer, ruling in favor of the Assessee. Additionally, the Tribunal dismissed the Revenue's appeal concerning the adjustment of disallowance under section 14A while computing Minimum Alternate Tax (MAT) profits under section 115JB for Assessment Year 2009-10. Case-Laws Income Tax Thu, 14 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330443