https://www.taxtmi.com/caselaws?id=356167 The ITAT dismissed the Revenue's appeal and allowed the assessee's appeal, confirming that investments were for business purposes and no interest could be disallowed under Section 36(1)(iii). The ITAT set aside the partial disallowance under Section 14A, concluding that the disallowance under Rule 8D(ii) was not warranted. en-us Wed, 21 Feb 2018 00:00:00 +0530 Sat, 02 Jun 2018 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356167 The ITAT dismissed the Revenue's appeal and allowed the assessee's appeal, confirming that investments were for business purposes and no interest could be disallowed under Section 36(1)(iii). The ITAT set aside the partial disallowance under Section 14A, concluding that the disallowance under Rule 8D(ii) was not warranted. Case-Laws Income Tax Wed, 21 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356167