https://www.taxtmi.com/caselaws?id=381620 The Tribunal allowed the appeal of the assessee, ruling that no disallowance was warranted under section 14A of the Income Tax Act, 1961, as there was no exempt income earned during the relevant assessment year. The Tribunal set aside the lower authorities' orders and confirmed that the investments were made from own funds, thus no interest disallowance was justified. The decision was pronounced on 29th May 2019. en-us Wed, 29 May 2019 00:00:00 +0530 Sat, 15 Jun 2019 07:50:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381620 The Tribunal allowed the appeal of the assessee, ruling that no disallowance was warranted under section 14A of the Income Tax Act, 1961, as there was no exempt income earned during the relevant assessment year. The Tribunal set aside the lower authorities' orders and confirmed that the investments were made from own funds, thus no interest disallowance was justified. The decision was pronounced on 29th May 2019. Case-Laws Income Tax Wed, 29 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381620