https://www.taxtmi.com/caselaws?id=346602 The Tribunal upheld the CIT(A)'s decision in dismissing the Revenue's appeal regarding the disallowance of expenditure under section 14A read with Rule 8D and the disallowance of interest paid on unsecured loans under section 36(1)(iii). The Tribunal emphasized the lack of evidence to overturn the findings and confirmed the deletion of the disallowances. The judgment underscores the significance of evaluating the source of funds for investments and the impact of interest-free surplus funds on the allowability of interest expenses. en-us Tue, 08 Aug 2017 00:00:00 +0530 Sat, 19 Aug 2017 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346602 The Tribunal upheld the CIT(A)'s decision in dismissing the Revenue's appeal regarding the disallowance of expenditure under section 14A read with Rule 8D and the disallowance of interest paid on unsecured loans under section 36(1)(iii). The Tribunal emphasized the lack of evidence to overturn the findings and confirmed the deletion of the disallowances. The judgment underscores the significance of evaluating the source of funds for investments and the impact of interest-free surplus funds on the allowability of interest expenses. Case-Laws Income Tax Tue, 08 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346602