https://www.taxtmi.com/caselaws?id=363048 The Tribunal partly allowed the assessee's appeal by restricting the disallowance under Section 14A to Rs. 10.75, following the precedent that Section 14A does not apply if no exempt income is received. However, the addition of Rs. 93,24,110 on account of interest was upheld due to discrepancies in disclosed interest income and lack of convincing explanations from the assessee. The Tribunal confirmed the lower authorities' decision, dismissing the assessee's appeal on the interest addition issue. en-us Fri, 29 Jun 2018 00:00:00 +0530 Sat, 07 Jul 2018 08:15:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363048 The Tribunal partly allowed the assessee's appeal by restricting the disallowance under Section 14A to Rs. 10.75, following the precedent that Section 14A does not apply if no exempt income is received. However, the addition of Rs. 93,24,110 on account of interest was upheld due to discrepancies in disclosed interest income and lack of convincing explanations from the assessee. The Tribunal confirmed the lower authorities' decision, dismissing the assessee's appeal on the interest addition issue. Case-Laws Income Tax Fri, 29 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363048