https://www.taxtmi.com/caselaws?id=378172 The Tribunal allowed the appellant's appeal, directing the Assessing Officer not to adjust the book profit for MAT liability based on disallowances under section 14A. The Tribunal confirmed the disallowance of administrative and direct expenditure but deleted the disallowance of interest expenditure, as the appellant had more interest-free funds than investments, resulting in net interest income. Consequently, the disallowance related to interest expenditure was removed. The Tribunal upheld the disallowance of administrative and direct expenditure but deleted the disallowance of interest expenditure based on the appellant's net interest income. en-us Mon, 08 Apr 2019 00:00:00 +0530 Tue, 09 Apr 2019 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378172 The Tribunal allowed the appellant's appeal, directing the Assessing Officer not to adjust the book profit for MAT liability based on disallowances under section 14A. The Tribunal confirmed the disallowance of administrative and direct expenditure but deleted the disallowance of interest expenditure, as the appellant had more interest-free funds than investments, resulting in net interest income. Consequently, the disallowance related to interest expenditure was removed. The Tribunal upheld the disallowance of administrative and direct expenditure but deleted the disallowance of interest expenditure based on the appellant's net interest income. Case-Laws Income Tax Mon, 08 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378172