https://www.taxtmi.com/caselaws?id=342844 The High Court dismissed the revenue's appeals as the Tribunal's decision to delete the disallowance under Section 14A of the Income Tax Act was upheld. The Court found that the interest expenditure lacked a nexus to tax-free income and that administrative expenses were not adequately justified for disallowance. The Tribunal's thorough analysis, supported by factual and legal considerations, led to the rejection of the revenue's appeals, as no substantial question of law was found to arise from the Tribunal's decision. en-us Mon, 20 Feb 2017 00:00:00 +0530 Sat, 13 May 2017 08:39:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342844 The High Court dismissed the revenue's appeals as the Tribunal's decision to delete the disallowance under Section 14A of the Income Tax Act was upheld. The Court found that the interest expenditure lacked a nexus to tax-free income and that administrative expenses were not adequately justified for disallowance. The Tribunal's thorough analysis, supported by factual and legal considerations, led to the rejection of the revenue's appeals, as no substantial question of law was found to arise from the Tribunal's decision. Case-Laws Income Tax Mon, 20 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342844