https://www.taxtmi.com/caselaws?id=277693 The Appellate Tribunal upheld the deletion of disallowance of expenditure under section 14A read with rule 8D of the IT Rules, as the appellant had sufficient interest-free funds, and there was no nexus between interest expenditure and investments. The Tribunal also upheld the deletion of prior period expenses, as the liability had crystallized during the year. The Tribunal dismissed the Revenue's appeal, citing relevant judicial pronouncements and decisions. en-us Tue, 20 Aug 2013 00:00:00 +0530 Tue, 18 Dec 2018 14:18:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277693 The Appellate Tribunal upheld the deletion of disallowance of expenditure under section 14A read with rule 8D of the IT Rules, as the appellant had sufficient interest-free funds, and there was no nexus between interest expenditure and investments. The Tribunal also upheld the deletion of prior period expenses, as the liability had crystallized during the year. The Tribunal dismissed the Revenue's appeal, citing relevant judicial pronouncements and decisions. Case-Laws Income Tax Tue, 20 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277693