https://www.taxtmi.com/caselaws?id=275809 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions. It affirmed the treatment of interest cost as revenue expenditure and allowed the carry forward of business loss. The Tribunal emphasized that disallowance under section 14A does not apply when no exempt income is received, as per relevant case law. en-us Mon, 31 Aug 2015 00:00:00 +0530 Thu, 18 Oct 2018 07:32:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275809 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions. It affirmed the treatment of interest cost as revenue expenditure and allowed the carry forward of business loss. The Tribunal emphasized that disallowance under section 14A does not apply when no exempt income is received, as per relevant case law. Case-Laws Income Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275809