https://www.taxtmi.com/caselaws?id=337592 The appeal filed by the Revenue was dismissed due to the small amount involved in the disallowance made under section 14A of the Act. Regarding the disallowance made out of interest expenditure, the Tribunal held that withdrawals from the overdraft account were from the capital account, not necessitating any disallowance. The issue of disallowance on interest paid on a housing loan was remanded back to the AO for fresh examination due to discrepancies in determining the annual letting value and the occupancy status of the flat. The appeal filed by the assessee was treated as allowed for statistical purposes. en-us Wed, 09 Nov 2016 00:00:00 +0530 Thu, 12 Jan 2017 09:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337592 The appeal filed by the Revenue was dismissed due to the small amount involved in the disallowance made under section 14A of the Act. Regarding the disallowance made out of interest expenditure, the Tribunal held that withdrawals from the overdraft account were from the capital account, not necessitating any disallowance. The issue of disallowance on interest paid on a housing loan was remanded back to the AO for fresh examination due to discrepancies in determining the annual letting value and the occupancy status of the flat. The appeal filed by the assessee was treated as allowed for statistical purposes. Case-Laws Income Tax Wed, 09 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337592