https://www.taxtmi.com/caselaws?id=341268 The appeal was partly allowed by the ITAT, directing the Ld. AO to delete the addition made under Section 14A for investments in sister concerns. The ITAT emphasized that Section 14A should apply only if investments were made from borrowed funds. The matter was remitted back to the Ld. AO for a fresh assessment in accordance with law and merits, with a specific directive to recompute disallowance if investments were made from borrowed funds. en-us Thu, 23 Mar 2017 00:00:00 +0530 Wed, 05 Apr 2017 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341268 The appeal was partly allowed by the ITAT, directing the Ld. AO to delete the addition made under Section 14A for investments in sister concerns. The ITAT emphasized that Section 14A should apply only if investments were made from borrowed funds. The matter was remitted back to the Ld. AO for a fresh assessment in accordance with law and merits, with a specific directive to recompute disallowance if investments were made from borrowed funds. Case-Laws Income Tax Thu, 23 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341268