https://www.taxtmi.com/caselaws?id=196176 The Tribunal upheld the Commissioner's decision to delete the disallowance under section 14A of the Income Tax Act for the Assessment Year 2010-11. The Tribunal found that the assessee had sufficient own funds compared to investments, justifying the deletion of disallowance under Rule 8D(2)(ii). Additionally, the Tribunal accepted the voluntary disallowance of administrative expenses by the assessee. The Revenue's appeal was dismissed, affirming the deletion of the disallowance under section 14A of the Act. en-us Wed, 16 Aug 2017 00:00:00 +0530 Tue, 21 Nov 2017 08:40:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196176 The Tribunal upheld the Commissioner's decision to delete the disallowance under section 14A of the Income Tax Act for the Assessment Year 2010-11. The Tribunal found that the assessee had sufficient own funds compared to investments, justifying the deletion of disallowance under Rule 8D(2)(ii). Additionally, the Tribunal accepted the voluntary disallowance of administrative expenses by the assessee. The Revenue's appeal was dismissed, affirming the deletion of the disallowance under section 14A of the Act. Case-Laws Income Tax Wed, 16 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196176