https://www.taxtmi.com/caselaws?id=274069 The appeal filed by the assessee was partly allowed. The Tribunal ruled in favor of the appellant regarding the disallowance under section 14A, emphasizing the availability of interest-free funds and the specific end-use restriction on secured loans for manufacturing and export activities. The disallowance under section 14A was held unjustified based on the circumstances presented during the proceedings. The disallowance of business promotion expenses on an estimation basis was dismissed as not pressed and not further deliberated upon in the judgment. en-us Thu, 11 Aug 2016 00:00:00 +0530 Fri, 27 Jul 2018 10:42:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274069 The appeal filed by the assessee was partly allowed. The Tribunal ruled in favor of the appellant regarding the disallowance under section 14A, emphasizing the availability of interest-free funds and the specific end-use restriction on secured loans for manufacturing and export activities. The disallowance under section 14A was held unjustified based on the circumstances presented during the proceedings. The disallowance of business promotion expenses on an estimation basis was dismissed as not pressed and not further deliberated upon in the judgment. Case-Laws Income Tax Thu, 11 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274069