https://www.taxtmi.com/caselaws?id=330534 The Tribunal held that no disallowance was justified for the interest paid by the assessee under Section 14A as their net owned funds adequately covered investments. The Tribunal noted the voluntary disallowance already made by the assessee, leading to double disallowance. The additions by the Assessing Officer were deleted, and the appeal by the assessee for the assessment year 2009-10 was allowed. en-us Tue, 14 Jun 2016 00:00:00 +0530 Thu, 21 Jul 2016 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330534 The Tribunal held that no disallowance was justified for the interest paid by the assessee under Section 14A as their net owned funds adequately covered investments. The Tribunal noted the voluntary disallowance already made by the assessee, leading to double disallowance. The additions by the Assessing Officer were deleted, and the appeal by the assessee for the assessment year 2009-10 was allowed. Case-Laws Income Tax Tue, 14 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330534