https://www.taxtmi.com/caselaws?id=280262 The High Court dismissed the Revenue's appeal against the judgments of the lower authorities regarding disallowances under section 14A of the Act read with Rule 8D and the disallowance of interest expenses under section 36(1)(iii) of the Act. The Court upheld the findings that the disallowances were not justified based on the availability of interest-free funds and the absence of evidence indicating the diversion of interest-bearing funds for investments. en-us Mon, 31 Jul 2017 00:00:00 +0530 Sat, 27 Apr 2019 06:36:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280262 The High Court dismissed the Revenue's appeal against the judgments of the lower authorities regarding disallowances under section 14A of the Act read with Rule 8D and the disallowance of interest expenses under section 36(1)(iii) of the Act. The Court upheld the findings that the disallowances were not justified based on the availability of interest-free funds and the absence of evidence indicating the diversion of interest-bearing funds for investments. Case-Laws Income Tax Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280262