https://www.taxtmi.com/caselaws?id=348826 The Tribunal allowed the appeal, deleting the disallowance of Rs. 25,68,356/- under Section 14A. The Tribunal found no fresh investments were made during the year, and interest was earned from earlier investments. It noted the Assessing Officer failed to provide a basis for disallowing the total exempted interest earned and did not record satisfaction on the claim of no expenditure for earning exempt income. Citing relevant case laws, the Tribunal concluded in favor of the appellant, leading to the allowance of the appeal. en-us Mon, 18 Sep 2017 00:00:00 +0530 Wed, 10 Apr 2019 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348826 The Tribunal allowed the appeal, deleting the disallowance of Rs. 25,68,356/- under Section 14A. The Tribunal found no fresh investments were made during the year, and interest was earned from earlier investments. It noted the Assessing Officer failed to provide a basis for disallowing the total exempted interest earned and did not record satisfaction on the claim of no expenditure for earning exempt income. Citing relevant case laws, the Tribunal concluded in favor of the appellant, leading to the allowance of the appeal. Case-Laws Income Tax Mon, 18 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348826