https://www.taxtmi.com/caselaws?id=190474 The ITAT allowed the appeal of the assessee for statistical purposes, emphasizing the importance of considering the presence of tax-free income and the source of funds for investments in determining disallowances under section 14A of the Income Tax Act. The case was sent back to the Assessing Officer to verify the absence of tax-free income and to decide on the consideration of interest-bearing and non-interest bearing funds for investments. en-us Wed, 13 Jan 2016 00:00:00 +0530 Fri, 17 Feb 2017 07:00:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190474 The ITAT allowed the appeal of the assessee for statistical purposes, emphasizing the importance of considering the presence of tax-free income and the source of funds for investments in determining disallowances under section 14A of the Income Tax Act. The case was sent back to the Assessing Officer to verify the absence of tax-free income and to decide on the consideration of interest-bearing and non-interest bearing funds for investments. Case-Laws Income Tax Wed, 13 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190474