https://www.taxtmi.com/caselaws?id=196409 The ITAT ruled in favor of the assessee, finding no direct nexus between borrowed funds and investment in shares, and no exempt income during the relevant assessment year. The appeal was allowed, reversing the disallowance under Section 14A. en-us Fri, 17 Jun 2016 00:00:00 +0530 Wed, 29 Nov 2017 21:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196409 The ITAT ruled in favor of the assessee, finding no direct nexus between borrowed funds and investment in shares, and no exempt income during the relevant assessment year. The appeal was allowed, reversing the disallowance under Section 14A. Case-Laws Income Tax Fri, 17 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196409