https://www.taxtmi.com/caselaws?id=341945 The Tribunal allowed the appeal for statistical purposes, remitting the matter back to the Assessing Officer. It held that Section 14A should not apply when investments are in sister concerns for strategic reasons, not for earning exempt income. The Tribunal directed the Assessing Officer to delete the addition under Section 14A and Rule 8D for investments in sister concerns, emphasizing the applicability of Section 14A for investments in mutual funds. The Assessing Officer was instructed to recompute the disallowance if investments were made from borrowed funds. en-us Mon, 10 Apr 2017 00:00:00 +0530 Thu, 20 Apr 2017 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341945 The Tribunal allowed the appeal for statistical purposes, remitting the matter back to the Assessing Officer. It held that Section 14A should not apply when investments are in sister concerns for strategic reasons, not for earning exempt income. The Tribunal directed the Assessing Officer to delete the addition under Section 14A and Rule 8D for investments in sister concerns, emphasizing the applicability of Section 14A for investments in mutual funds. The Assessing Officer was instructed to recompute the disallowance if investments were made from borrowed funds. Case-Laws Income Tax Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341945