https://www.taxtmi.com/caselaws?id=358758 The tribunal ruled in favor of the assessee, stating that no disallowance under Section 14A was warranted as there was no exempt income earned from the investments. The tribunal upheld the CIT(A)'s decision to delete the interest disallowance under Section 36(1)(iii). The issue of set-off of brought forward Mark to Market (MTM) loss was considered irrelevant and dismissed. en-us Thu, 12 Apr 2018 00:00:00 +0530 Wed, 18 Apr 2018 06:27:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358758 The tribunal ruled in favor of the assessee, stating that no disallowance under Section 14A was warranted as there was no exempt income earned from the investments. The tribunal upheld the CIT(A)'s decision to delete the interest disallowance under Section 36(1)(iii). The issue of set-off of brought forward Mark to Market (MTM) loss was considered irrelevant and dismissed. Case-Laws Income Tax Thu, 12 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358758