https://www.taxtmi.com/caselaws?id=397208 The Tribunal upheld the CIT(A)'s decision to allow the interest expenditure claimed by the assessee, dismissing the Revenue's appeal. The disallowance under Section 14A was confirmed, with no further appeal from the assessee on this issue. The Tribunal cited legal precedents supporting the allowance of interest expenditure against interest income, even if categorized under "Income from Other Sources." The Revenue's appeal was dismissed, and the order was pronounced on 03/08/2020. en-us Mon, 03 Aug 2020 00:00:00 +0530 Fri, 07 Aug 2020 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397208 The Tribunal upheld the CIT(A)'s decision to allow the interest expenditure claimed by the assessee, dismissing the Revenue's appeal. The disallowance under Section 14A was confirmed, with no further appeal from the assessee on this issue. The Tribunal cited legal precedents supporting the allowance of interest expenditure against interest income, even if categorized under "Income from Other Sources." The Revenue's appeal was dismissed, and the order was pronounced on 03/08/2020. Case-Laws Income Tax Mon, 03 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397208