https://www.taxtmi.com/caselaws?id=386960 Disallowance under section 14A read with Rule 8D could not be sustained for interest expenditure where the assessee had sufficient non-interest-bearing funds and no net interest cost was shown; that part was deleted, while the administrative disallowance was sustained for want of explanation and supporting details. A rural bank's provision for standard assets was deductible under section 36(1)(viia) read with Rule 6ABA where the issue was already covered by its earlier year decision on identical facts; the entire addition was deleted. en-us Thu, 10 Oct 2019 00:00:00 +0530 Sun, 13 Oct 2019 11:26:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386960 Disallowance under section 14A read with Rule 8D could not be sustained for interest expenditure where the assessee had sufficient non-interest-bearing funds and no net interest cost was shown; that part was deleted, while the administrative disallowance was sustained for want of explanation and supporting details. A rural bank's provision for standard assets was deductible under section 36(1)(viia) read with Rule 6ABA where the issue was already covered by its earlier year decision on identical facts; the entire addition was deleted. Case-Laws Income Tax Thu, 10 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386960