https://www.taxtmi.com/caselaws?id=353340 The Tribunal allowed the assessee's appeal and dismissed the revenue's appeal. The disallowance under Section 14A was limited to Rs. 4,32,847, excluding demat charges and interest expenses due to sufficient non-interest-bearing funds. The deemed dividend additions under Section 2(22)(e) were deleted as the loans were from companies in which the public are substantially interested or were given in the ordinary course of business. en-us Wed, 29 Nov 2017 00:00:00 +0530 Tue, 02 Jan 2018 09:16:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353340 The Tribunal allowed the assessee's appeal and dismissed the revenue's appeal. The disallowance under Section 14A was limited to Rs. 4,32,847, excluding demat charges and interest expenses due to sufficient non-interest-bearing funds. The deemed dividend additions under Section 2(22)(e) were deleted as the loans were from companies in which the public are substantially interested or were given in the ordinary course of business. Case-Laws Income Tax Wed, 29 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353340