https://www.taxtmi.com/caselaws?id=382384 The Tribunal allowed the appeals for assessment years 2012-13 and 2013-14, directing the deletion of the disallowance of interest under Section 36(1)(iii) and the disallowance under Section 14A for the assessment year 2013-14. The decision highlighted the broader interpretation of "for the purpose of business" and ruled that no disallowance under Section 14A is warranted when no exempt income is earned, following judicial precedents and emphasizing the importance of a judicious assessment. en-us Thu, 27 Jun 2019 00:00:00 +0530 Mon, 01 Jul 2019 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382384 The Tribunal allowed the appeals for assessment years 2012-13 and 2013-14, directing the deletion of the disallowance of interest under Section 36(1)(iii) and the disallowance under Section 14A for the assessment year 2013-14. The decision highlighted the broader interpretation of "for the purpose of business" and ruled that no disallowance under Section 14A is warranted when no exempt income is earned, following judicial precedents and emphasizing the importance of a judicious assessment. Case-Laws Income Tax Thu, 27 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382384