https://www.taxtmi.com/caselaws?id=196244 The ITAT Mumbai ruled in favor of the assessee, finding no justification for further disallowance under section 14A of the Income Tax Act. The ITAT held that since the assessee had sufficient own funds and had already made a voluntary disallowance, there was no need for additional disallowance. The appeal was allowed, reversing the order of the FAA. en-us Tue, 11 Jul 2017 00:00:00 +0530 Thu, 23 Nov 2017 11:28:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196244 The ITAT Mumbai ruled in favor of the assessee, finding no justification for further disallowance under section 14A of the Income Tax Act. The ITAT held that since the assessee had sufficient own funds and had already made a voluntary disallowance, there was no need for additional disallowance. The appeal was allowed, reversing the order of the FAA. Case-Laws Income Tax Tue, 11 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196244