https://www.taxtmi.com/caselaws?id=394187 The Tribunal allowed the appeals of the assessee, directing the deletion of the disallowance made under Section 36(1)(iii) for interest payment on interest-free advances, as the assessee had sufficient own funds. Additionally, the Tribunal instructed the AO to re-compute the disallowance under Section 14A, restricting it to dividend-yielding investments only to determine the average value of investments. en-us Wed, 29 Jan 2020 00:00:00 +0530 Fri, 03 Apr 2020 13:05:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394187 The Tribunal allowed the appeals of the assessee, directing the deletion of the disallowance made under Section 36(1)(iii) for interest payment on interest-free advances, as the assessee had sufficient own funds. Additionally, the Tribunal instructed the AO to re-compute the disallowance under Section 14A, restricting it to dividend-yielding investments only to determine the average value of investments. Case-Laws Income Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394187