https://www.taxtmi.com/caselaws?id=348770 The High Court upheld the Tribunal's decision to delete disallowances under section 14A of the Act and on account of VRS expenses. The court found that the assessee's interest-bearing funds were for business purposes and that VRS expenses were justified due to the operational status of the businesses. Referring to relevant judgments, the court dismissed the appeal, citing no substantial question of law. en-us Wed, 12 Jul 2017 00:00:00 +0530 Thu, 28 Sep 2017 07:23:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348770 The High Court upheld the Tribunal's decision to delete disallowances under section 14A of the Act and on account of VRS expenses. The court found that the assessee's interest-bearing funds were for business purposes and that VRS expenses were justified due to the operational status of the businesses. Referring to relevant judgments, the court dismissed the appeal, citing no substantial question of law. Case-Laws Income Tax Wed, 12 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348770