https://www.taxtmi.com/caselaws?id=346603 The High Court of Bombay upheld the Tribunal's decision regarding the disallowance under Section 14A read with Rule 8D for the Assessment Year 2008-09. The Court found that the Assessee had sufficient interest free funds to cover the investments, in line with the principles established in a previous judgment. As a result, the appeal was dismissed, and no costs were awarded. en-us Wed, 02 Aug 2017 00:00:00 +0530 Sat, 19 Aug 2017 08:21:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346603 The High Court of Bombay upheld the Tribunal's decision regarding the disallowance under Section 14A read with Rule 8D for the Assessment Year 2008-09. The Court found that the Assessee had sufficient interest free funds to cover the investments, in line with the principles established in a previous judgment. As a result, the appeal was dismissed, and no costs were awarded. Case-Laws Income Tax Wed, 02 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346603