https://www.taxtmi.com/caselaws?id=196101 The Appellate Tribunal ITAT Mumbai allowed the appeals of the assessee concerning the disallowance of interest expenditure under section 14A of the Income Tax Act for the assessment years 2004-05 and 2005-06. The Tribunal directed the Assessing Officer to exclude the investment made for controlling interest in other companies while calculating the average value of investment for dividend income, leading to the allowance of both appeals for statistical purposes. en-us Wed, 11 May 2016 00:00:00 +0530 Sun, 19 Nov 2017 06:33:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196101 The Appellate Tribunal ITAT Mumbai allowed the appeals of the assessee concerning the disallowance of interest expenditure under section 14A of the Income Tax Act for the assessment years 2004-05 and 2005-06. The Tribunal directed the Assessing Officer to exclude the investment made for controlling interest in other companies while calculating the average value of investment for dividend income, leading to the allowance of both appeals for statistical purposes. Case-Laws Income Tax Wed, 11 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196101