https://www.taxtmi.com/caselaws?id=358017 The appeal was allowed, and the disallowance of Rs. 3,80,764 under Section 14A read with Rule 8D was vacated. The Tribunal upheld that no part of the interest payment could be attributed to the investments yielding tax-exempt income, given that the interest-free funds were far in excess of such investments. The Tribunal adopted judicial consistency and affirmed the CIT(A)'s findings, allowing the assessee's appeal. en-us Wed, 28 Mar 2018 00:00:00 +0530 Wed, 04 Apr 2018 08:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358017 The appeal was allowed, and the disallowance of Rs. 3,80,764 under Section 14A read with Rule 8D was vacated. The Tribunal upheld that no part of the interest payment could be attributed to the investments yielding tax-exempt income, given that the interest-free funds were far in excess of such investments. The Tribunal adopted judicial consistency and affirmed the CIT(A)'s findings, allowing the assessee's appeal. Case-Laws Income Tax Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358017