https://www.taxtmi.com/caselaws?id=343307 The Tribunal dismissed the appeal, upholding the CIT(A)'s findings due to the lack of nexus between interest paid and investments made, improper application of Rule 8D, unjustified disallowance of expenses attributable to exempt income, lack of justification for interest-free advances, and failure to establish expenditure for earning exempt income as required under Section 14A. en-us Mon, 15 May 2017 00:00:00 +0530 Tue, 23 May 2017 07:51:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343307 The Tribunal dismissed the appeal, upholding the CIT(A)'s findings due to the lack of nexus between interest paid and investments made, improper application of Rule 8D, unjustified disallowance of expenses attributable to exempt income, lack of justification for interest-free advances, and failure to establish expenditure for earning exempt income as required under Section 14A. Case-Laws Income Tax Mon, 15 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343307