https://www.taxtmi.com/caselaws?id=343864 The Tribunal held that the disallowance made under Section 14A was unwarranted due to the lack of proper satisfaction recorded by the Assessing Officer and the availability of sufficient own funds with the assessee. The disallowance of Rs. 27,20,584/- was directed to be deleted, and the appeal of the assessee was allowed. The same findings were applied to the subsequent appeal for the assessment year 2013-14, resulting in the deletion of the disallowance of Rs. 28,88,140/-. Both appeals of the assessee were allowed, and the disallowances made under Section 14A were directed to be deleted. en-us Thu, 01 Jun 2017 00:00:00 +0530 Sat, 03 Jun 2017 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343864 The Tribunal held that the disallowance made under Section 14A was unwarranted due to the lack of proper satisfaction recorded by the Assessing Officer and the availability of sufficient own funds with the assessee. The disallowance of Rs. 27,20,584/- was directed to be deleted, and the appeal of the assessee was allowed. The same findings were applied to the subsequent appeal for the assessment year 2013-14, resulting in the deletion of the disallowance of Rs. 28,88,140/-. Both appeals of the assessee were allowed, and the disallowances made under Section 14A were directed to be deleted. Case-Laws Income Tax Thu, 01 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343864