https://www.taxtmi.com/caselaws?id=357250 The Tribunal remanded the issue of disallowance of interest payment on unsecured loan back to the AO for factual determination of fund utilization, noting discrepancies in the AO's findings. Additionally, the Tribunal directed a factual finding on fund utilization for business purposes in relation to income offered by the assessee, as real estate segment income was not recognized. The Tribunal also instructed the AO to re-compute the disallowance u/s. 14A of the Act, excluding certain investments from the computation based on a precedent, with the revenue's appeal allowed and the assessee's cross objection partly allowed for statistical purposes. en-us Fri, 16 Mar 2018 00:00:00 +0530 Tue, 20 Mar 2018 08:46:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357250 The Tribunal remanded the issue of disallowance of interest payment on unsecured loan back to the AO for factual determination of fund utilization, noting discrepancies in the AO's findings. Additionally, the Tribunal directed a factual finding on fund utilization for business purposes in relation to income offered by the assessee, as real estate segment income was not recognized. The Tribunal also instructed the AO to re-compute the disallowance u/s. 14A of the Act, excluding certain investments from the computation based on a precedent, with the revenue's appeal allowed and the assessee's cross objection partly allowed for statistical purposes. Case-Laws Income Tax Fri, 16 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357250