https://www.taxtmi.com/caselaws?id=278464 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to verify if the available funds exceeded investments to determine the necessity of disallowance under section 14A. The Tribunal emphasized the lack of valid reasons for disallowance, the surplus of available funds compared to investments, and instructed the re-computation of disallowance under Rule 8D(2)(iii) by excluding investments not yielding exempt income, citing the decision in HDFC Bank Ltd case. en-us Fri, 12 Aug 2016 00:00:00 +0530 Mon, 04 Feb 2019 19:47:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278464 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to verify if the available funds exceeded investments to determine the necessity of disallowance under section 14A. The Tribunal emphasized the lack of valid reasons for disallowance, the surplus of available funds compared to investments, and instructed the re-computation of disallowance under Rule 8D(2)(iii) by excluding investments not yielding exempt income, citing the decision in HDFC Bank Ltd case. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278464