https://www.taxtmi.com/caselaws?id=384155 The Appellate Tribunal, ITAT Chandigarh, dismissed the Revenue's appeals concerning the disallowance of interest on capital work in progress, interest-free advances, and investments, as well as the disallowance under section 14A of the Income Tax Act, 1961. The Tribunal upheld the Ld. CIT(A)'s orders, ruling that the disallowances were not justified given the utilization of funds for business purposes and the absence of exempt income. The decision was based on established legal principles and interpretations from various High Courts and ITAT benches. en-us Tue, 28 May 2019 00:00:00 +0530 Tue, 06 Aug 2019 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384155 The Appellate Tribunal, ITAT Chandigarh, dismissed the Revenue's appeals concerning the disallowance of interest on capital work in progress, interest-free advances, and investments, as well as the disallowance under section 14A of the Income Tax Act, 1961. The Tribunal upheld the Ld. CIT(A)'s orders, ruling that the disallowances were not justified given the utilization of funds for business purposes and the absence of exempt income. The decision was based on established legal principles and interpretations from various High Courts and ITAT benches. Case-Laws Income Tax Tue, 28 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384155