https://www.taxtmi.com/caselaws?id=353129 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The Tribunal ruled in favor of the assessee regarding the deletion of expenses not related to the business and disallowance under Section 36(1)(iii). However, the Tribunal upheld the addition of interest received on society deposits. The Tribunal emphasized the necessity of evidence to support disallowances and highlighted that disallowance under Section 14A should only apply to investments yielding tax-free income. en-us Tue, 31 Oct 2017 00:00:00 +0530 Thu, 28 Dec 2017 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353129 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The Tribunal ruled in favor of the assessee regarding the deletion of expenses not related to the business and disallowance under Section 36(1)(iii). However, the Tribunal upheld the addition of interest received on society deposits. The Tribunal emphasized the necessity of evidence to support disallowances and highlighted that disallowance under Section 14A should only apply to investments yielding tax-free income. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353129