https://www.taxtmi.com/caselaws?id=391075 The Tribunal allowed all the assessee's appeals, deleting the disallowances made under section 36(1)(iii) and section 14A read with Rule 8D of the I.T. Rules, 1962, for the assessment years 2012-2013, 2013-2014, and 2014-2015. The Tribunal found that the disallowances were not justified as the assessee had sufficient own funds and the transactions were for commercial expediency, and the disallowances under section 14A were not based on actual investments yielding exempt income. en-us Wed, 15 Jan 2020 00:00:00 +0530 Sat, 18 Jan 2020 13:26:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391075 The Tribunal allowed all the assessee's appeals, deleting the disallowances made under section 36(1)(iii) and section 14A read with Rule 8D of the I.T. Rules, 1962, for the assessment years 2012-2013, 2013-2014, and 2014-2015. The Tribunal found that the disallowances were not justified as the assessee had sufficient own funds and the transactions were for commercial expediency, and the disallowances under section 14A were not based on actual investments yielding exempt income. Case-Laws Income Tax Wed, 15 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391075