https://www.taxtmi.com/caselaws?id=192146 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal regarding the disallowance of expenses under section 14A of the Income Tax Act, 1961. The Tribunal found that investments were made from own funds, not borrowed, and interest expenses were not linked to tax-free income. Additionally, it held that no disallowance of administrative expenses could be made without the Assessing Officer recording satisfaction on the claim of such expenditure. The judgment was pronounced on October 19, 2015. en-us Mon, 19 Oct 2015 00:00:00 +0530 Wed, 17 May 2017 11:18:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192146 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal regarding the disallowance of expenses under section 14A of the Income Tax Act, 1961. The Tribunal found that investments were made from own funds, not borrowed, and interest expenses were not linked to tax-free income. Additionally, it held that no disallowance of administrative expenses could be made without the Assessing Officer recording satisfaction on the claim of such expenditure. The judgment was pronounced on October 19, 2015. Case-Laws Income Tax Mon, 19 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192146