https://www.taxtmi.com/caselaws?id=366964 The Tribunal ruled in favor of the assessee regarding the disallowance of interest under section 14A, stating that as no exempt dividend income was earned, section 14A did not apply. The issue of disallowance u/s 40(a)(ia) concerning payments made to Mrs. Sandhya Prakash was remanded back to the AO for further verification. The Tribunal allowed the assessee's appeal partly for statistical purposes and dismissed the revenue's appeal for the Assessment Year 2011-12. en-us Fri, 16 Mar 2018 00:00:00 +0530 Thu, 13 Sep 2018 08:21:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366964 The Tribunal ruled in favor of the assessee regarding the disallowance of interest under section 14A, stating that as no exempt dividend income was earned, section 14A did not apply. The issue of disallowance u/s 40(a)(ia) concerning payments made to Mrs. Sandhya Prakash was remanded back to the AO for further verification. The Tribunal allowed the assessee's appeal partly for statistical purposes and dismissed the revenue's appeal for the Assessment Year 2011-12. Case-Laws Income Tax Fri, 16 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366964