https://www.taxtmi.com/caselaws?id=390153 The Tribunal allowed the assessee's appeal for the year 2012-13 and rejected the Revenue's appeals for the years 2012-13, 2013-14, and 2014-15. The Tribunal held that no further disallowance was required under Section 14A as the assessee had sufficient interest-free funds and no borrowed funds were utilized for investments. Additionally, the Tribunal ruled in favor of the assessee on issues related to the disallowance under Section 14A in book profit, interest income from subsidiary, foreign travel expenses, bad debts, and loss on the sale of preferential shares. en-us Wed, 18 Dec 2019 00:00:00 +0530 Tue, 24 Dec 2019 11:38:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390153 The Tribunal allowed the assessee's appeal for the year 2012-13 and rejected the Revenue's appeals for the years 2012-13, 2013-14, and 2014-15. The Tribunal held that no further disallowance was required under Section 14A as the assessee had sufficient interest-free funds and no borrowed funds were utilized for investments. Additionally, the Tribunal ruled in favor of the assessee on issues related to the disallowance under Section 14A in book profit, interest income from subsidiary, foreign travel expenses, bad debts, and loss on the sale of preferential shares. Case-Laws Income Tax Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390153