https://www.taxtmi.com/caselaws?id=338878 The Tribunal allowed the appeals filed by the assessee for both assessment years. The disallowance under Section 14A was limited to the exempt income earned, considering the availability of sufficient own funds for investments. Additionally, the disallowance of additional depreciation under Section 32(1)(iia) was reversed, allowing the assessee to claim 10% additional depreciation for assets used for less than 180 days. The Tribunal found in favor of the assessee for both grounds of appeal in each assessment year. en-us Fri, 10 Feb 2017 00:00:00 +0530 Tue, 14 Feb 2017 08:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338878 The Tribunal allowed the appeals filed by the assessee for both assessment years. The disallowance under Section 14A was limited to the exempt income earned, considering the availability of sufficient own funds for investments. Additionally, the disallowance of additional depreciation under Section 32(1)(iia) was reversed, allowing the assessee to claim 10% additional depreciation for assets used for less than 180 days. The Tribunal found in favor of the assessee for both grounds of appeal in each assessment year. Case-Laws Income Tax Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338878