https://www.taxtmi.com/caselaws?id=375068 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order that deleted the disallowance of interest expenditure under Rule 8D(2)(ii) due to the availability of sufficient own funds. The Tribunal upheld the validity of the presumption theory when adequate own funds are demonstrated, emphasizing the principle of apportionment for cases involving mixed funds. The decision aligned with prior judicial precedents, including the Supreme Court's stance on the matter. en-us Thu, 15 Nov 2018 00:00:00 +0530 Thu, 14 Feb 2019 06:19:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375068 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order that deleted the disallowance of interest expenditure under Rule 8D(2)(ii) due to the availability of sufficient own funds. The Tribunal upheld the validity of the presumption theory when adequate own funds are demonstrated, emphasizing the principle of apportionment for cases involving mixed funds. The decision aligned with prior judicial precedents, including the Supreme Court's stance on the matter. Case-Laws Income Tax Thu, 15 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375068