https://www.taxtmi.com/caselaws?id=384789 The ITAT set aside the disallowance of interest expenditure under section 14A but instructed the assessing officer to calculate administrative expenditure for earning exempt income. The decision was based on the availability of interest-free funds for investments and the necessity of incurring administrative expenses for earning exempt income. en-us Wed, 27 Mar 2019 00:00:00 +0530 Fri, 23 Aug 2019 07:30:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384789 The ITAT set aside the disallowance of interest expenditure under section 14A but instructed the assessing officer to calculate administrative expenditure for earning exempt income. The decision was based on the availability of interest-free funds for investments and the necessity of incurring administrative expenses for earning exempt income. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384789