https://www.taxtmi.com/caselaws?id=399273 The Tribunal allowed all appeals of the appellant for statistical purposes and dismissed all appeals of the Revenue regarding the disallowance of interest on borrowed funds invested in subsidiaries under sections 36(1)(iii) and 14A of the Income Tax Act. The Tribunal emphasized that if the appellant's own and interest-free funds exceeded the investments, no disallowance should be made; otherwise, disallowance should be limited to the excess investment over available funds. The decision was rendered on 30th September 2020. en-us Wed, 30 Sep 2020 00:00:00 +0530 Wed, 07 Oct 2020 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399273 The Tribunal allowed all appeals of the appellant for statistical purposes and dismissed all appeals of the Revenue regarding the disallowance of interest on borrowed funds invested in subsidiaries under sections 36(1)(iii) and 14A of the Income Tax Act. The Tribunal emphasized that if the appellant's own and interest-free funds exceeded the investments, no disallowance should be made; otherwise, disallowance should be limited to the excess investment over available funds. The decision was rendered on 30th September 2020. Case-Laws Income Tax Wed, 30 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399273