https://www.taxtmi.com/caselaws?id=290458 The Income Tax Appellate Tribunal (ITAT) allowed the appeals filed by the assessee, granting relief on the disallowance of interest expenditure to the extent of interest income earned. The ITAT upheld the Commissioner of Income Tax (Appeals) decision to capitalize the disallowance of interest under Section 14A, following the precedent set in a previous case. Consequently, the appeals filed by the revenue were dismissed. en-us Mon, 16 Mar 2020 00:00:00 +0530 Sun, 27 Sep 2020 12:49:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290458 The Income Tax Appellate Tribunal (ITAT) allowed the appeals filed by the assessee, granting relief on the disallowance of interest expenditure to the extent of interest income earned. The ITAT upheld the Commissioner of Income Tax (Appeals) decision to capitalize the disallowance of interest under Section 14A, following the precedent set in a previous case. Consequently, the appeals filed by the revenue were dismissed. Case-Laws Income Tax Mon, 16 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290458