https://www.taxtmi.com/caselaws?id=381626 The Appellate Tribunal ITAT Bangalore partially allowed the appeal in a case concerning disallowance under section 14A of the Income Tax Act. The Tribunal directed the Assessing Officer to delete the disallowance of interest expenses as the assessee had substantial own funds compared to investment value, following a decision of the Bombay High Court. Additionally, a disallowance of Rs. 10,000 for administrative expenses was upheld to comply with section 14A, overturning the CIT(A)'s decision. en-us Wed, 12 Jun 2019 00:00:00 +0530 Fri, 14 Jun 2019 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381626 The Appellate Tribunal ITAT Bangalore partially allowed the appeal in a case concerning disallowance under section 14A of the Income Tax Act. The Tribunal directed the Assessing Officer to delete the disallowance of interest expenses as the assessee had substantial own funds compared to investment value, following a decision of the Bombay High Court. Additionally, a disallowance of Rs. 10,000 for administrative expenses was upheld to comply with section 14A, overturning the CIT(A)'s decision. Case-Laws Income Tax Wed, 12 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381626