https://www.taxtmi.com/caselaws?id=333976 The Tribunal dismissed the Revenue's appeal, partly allowing the Assessee's Cross Objection. It held that interest income was eligible for deduction under section 80IAB and upheld the netting of interest income against interest expenses. The disallowance under section 14A was limited to the amount of exempt income earned by the Assessee. en-us Thu, 01 Sep 2016 00:00:00 +0530 Sat, 29 Oct 2016 11:16:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333976 The Tribunal dismissed the Revenue's appeal, partly allowing the Assessee's Cross Objection. It held that interest income was eligible for deduction under section 80IAB and upheld the netting of interest income against interest expenses. The disallowance under section 14A was limited to the amount of exempt income earned by the Assessee. Case-Laws Income Tax Thu, 01 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333976