https://www.taxtmi.com/caselaws?id=355441 The Tribunal upheld the relief granted by the CIT(A) in the case involving interest disallowance for AY 2004-05, citing the use of own funds for investments. The disallowance of interest expenses for the same assessment year was addressed through corrections and non-adjudication, leading to dismissal of the appeal. Disallowances under Section 40A(2)(b) were partially upheld, subject to further verification and consideration of deductions. Various other disallowances were either deleted or reduced by the Tribunal, resulting in the dismissal of revenue's appeals and allowance of the assessee's appeals in full. en-us Wed, 31 Jan 2018 00:00:00 +0530 Tue, 13 Feb 2018 09:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355441 The Tribunal upheld the relief granted by the CIT(A) in the case involving interest disallowance for AY 2004-05, citing the use of own funds for investments. The disallowance of interest expenses for the same assessment year was addressed through corrections and non-adjudication, leading to dismissal of the appeal. Disallowances under Section 40A(2)(b) were partially upheld, subject to further verification and consideration of deductions. Various other disallowances were either deleted or reduced by the Tribunal, resulting in the dismissal of revenue's appeals and allowance of the assessee's appeals in full. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355441