https://www.taxtmi.com/caselaws?id=276033 The Tribunal remitted the matter back to the Assessing Officer for re-examination, emphasizing that if investments in sister concerns were made from interest-free funds, section 14A with rule 8D would not apply. The Tribunal directed the Assessing Officer to delete the disallowed expenditure of &8377; 3,79,87,050 if all investments were in subsidiary/sister concerns and the assessee had sufficient own funds. The decision aligned with previous rulings and the principle that no disallowance should occur if no expenditure was incurred for earning exempt income. The appeal was allowed for statistical purposes, instructing verification of investments' nature and availability of own funds before any disallowance under section 14A. en-us Fri, 18 Mar 2016 00:00:00 +0530 Fri, 26 Oct 2018 06:01:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276033 The Tribunal remitted the matter back to the Assessing Officer for re-examination, emphasizing that if investments in sister concerns were made from interest-free funds, section 14A with rule 8D would not apply. The Tribunal directed the Assessing Officer to delete the disallowed expenditure of &8377; 3,79,87,050 if all investments were in subsidiary/sister concerns and the assessee had sufficient own funds. The decision aligned with previous rulings and the principle that no disallowance should occur if no expenditure was incurred for earning exempt income. The appeal was allowed for statistical purposes, instructing verification of investments' nature and availability of own funds before any disallowance under section 14A. Case-Laws Income Tax Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276033