https://www.taxtmi.com/caselaws?id=376977 The Tribunal allowed the appeal, directing the deletion of the additional disallowance under section 14A for the assessment year 2014-15. The Tribunal ruled in favor of the corporate entity engaged in cargo handling and maritime consultancy, holding that the interest and expense disallowances imposed by the AO were unjustified. The Tribunal found that the investments were made from interest-free funds and that only investments yielding exempt income should be considered for disallowance. As a result, the additional disallowance of &8377; 2.53 Lacs was deleted, and the assessee prevailed in the case. en-us Thu, 03 Jan 2019 00:00:00 +0530 Tue, 19 Mar 2019 10:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376977 The Tribunal allowed the appeal, directing the deletion of the additional disallowance under section 14A for the assessment year 2014-15. The Tribunal ruled in favor of the corporate entity engaged in cargo handling and maritime consultancy, holding that the interest and expense disallowances imposed by the AO were unjustified. The Tribunal found that the investments were made from interest-free funds and that only investments yielding exempt income should be considered for disallowance. As a result, the additional disallowance of &8377; 2.53 Lacs was deleted, and the assessee prevailed in the case. Case-Laws Income Tax Thu, 03 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376977