https://www.taxtmi.com/caselaws?id=191562 The Tribunal allowed the Revenue's appeal for statistical purposes and remitted the matter to the Assessing Officer to verify if investments in sister concerns were made out of interest-free funds for strategic reasons. If the investments were strategic and not for earning exempt income, the addition under section 14A r.w. Rule 8D was to be deleted. en-us Mon, 25 Jul 2016 00:00:00 +0530 Fri, 07 Apr 2017 10:09:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191562 The Tribunal allowed the Revenue's appeal for statistical purposes and remitted the matter to the Assessing Officer to verify if investments in sister concerns were made out of interest-free funds for strategic reasons. If the investments were strategic and not for earning exempt income, the addition under section 14A r.w. Rule 8D was to be deleted. Case-Laws Income Tax Mon, 25 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191562