https://www.taxtmi.com/caselaws?id=197110 The Tribunal allowed the assessee's appeal partially by directing the deletion of disallowed interest expenditure under Sections 14A and 36(1)(iii) of the Income Tax Act, as the advances were not related to exempt income and were not made out of borrowed funds. The claim for deduction under Section 80-IA(4) was remanded for re-examination in light of supporting precedents, granting the assessee an opportunity to present its case. The Revenue's appeals were dismissed. en-us Tue, 25 Jun 2013 00:00:00 +0530 Wed, 27 Dec 2017 12:24:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197110 The Tribunal allowed the assessee's appeal partially by directing the deletion of disallowed interest expenditure under Sections 14A and 36(1)(iii) of the Income Tax Act, as the advances were not related to exempt income and were not made out of borrowed funds. The claim for deduction under Section 80-IA(4) was remanded for re-examination in light of supporting precedents, granting the assessee an opportunity to present its case. The Revenue's appeals were dismissed. Case-Laws Income Tax Tue, 25 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197110