https://www.taxtmi.com/caselaws?id=192244 The appeal challenged the disallowance of interest under section 14A of the Income Tax Act, 1961. The Tribunal upheld the disallowance but limited it to the amount of dividend income received, aligning with a previous ITAT order. Despite arguments on surplus funds and minimal borrowings, the disallowance was restricted to Rs. 60,016. The decision was based on the mixed use of funds for investments, supporting the application of section 14A. en-us Fri, 18 Mar 2016 00:00:00 +0530 Mon, 22 May 2017 07:21:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192244 The appeal challenged the disallowance of interest under section 14A of the Income Tax Act, 1961. The Tribunal upheld the disallowance but limited it to the amount of dividend income received, aligning with a previous ITAT order. Despite arguments on surplus funds and minimal borrowings, the disallowance was restricted to Rs. 60,016. The decision was based on the mixed use of funds for investments, supporting the application of section 14A. Case-Laws Income Tax Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192244