https://www.taxtmi.com/caselaws?id=190165 The Tribunal condoned the delay in filing the revenue's appeal and admitted it for adjudication. Regarding the disallowance under Section 14A, the Tribunal upheld the deletion of disallowance made by the assessee, emphasizing that no disallowance could be made when the assessee had sufficient own funds for investments. The Tribunal dismissed the revenue's appeal on this ground. Additionally, the Tribunal found in favor of the revenue on the applicability of Rule 8D in Section 154 proceedings, as decided by the Commissioner of Income Tax Appeals. Ultimately, the Tribunal upheld the decision to delete the disallowance under Section 14A, dismissing the revenue's appeal. en-us Wed, 13 Jul 2016 00:00:00 +0530 Wed, 08 Feb 2017 09:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190165 The Tribunal condoned the delay in filing the revenue's appeal and admitted it for adjudication. Regarding the disallowance under Section 14A, the Tribunal upheld the deletion of disallowance made by the assessee, emphasizing that no disallowance could be made when the assessee had sufficient own funds for investments. The Tribunal dismissed the revenue's appeal on this ground. Additionally, the Tribunal found in favor of the revenue on the applicability of Rule 8D in Section 154 proceedings, as decided by the Commissioner of Income Tax Appeals. Ultimately, the Tribunal upheld the decision to delete the disallowance under Section 14A, dismissing the revenue's appeal. Case-Laws Income Tax Wed, 13 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190165