https://www.taxtmi.com/caselaws?id=376551 The tribunal partly allowed the appeal regarding the disallowance of interest and administrative expenses under section 14A of the Income Tax Act. It emphasized the availability of interest-free funds, the calculation methodology based on Rule 8D, and restricted the disallowance to the amount of exempt income earned by the appellant. The decision aligned with legal precedents and provided clarity on determining allowable disallowances. en-us Thu, 07 Mar 2019 00:00:00 +0530 Tue, 12 Mar 2019 08:15:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376551 The tribunal partly allowed the appeal regarding the disallowance of interest and administrative expenses under section 14A of the Income Tax Act. It emphasized the availability of interest-free funds, the calculation methodology based on Rule 8D, and restricted the disallowance to the amount of exempt income earned by the appellant. The decision aligned with legal precedents and provided clarity on determining allowable disallowances. Case-Laws Income Tax Thu, 07 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376551