https://www.taxtmi.com/caselaws?id=291142 The Tribunal allowed the appeal of the assessee for statistical purposes, remitting the matter back to the Ld. AO for fresh consideration based on the clarification that if investments were made in sister concerns for strategic reasons from interest-free funds, Section 14A would not apply. The decision emphasized the importance of the source of funds used for investments in determining the applicability of Section 14A. The Tribunal directed the Ld. AO to pass an appropriate order in accordance with the law and merits of the case. en-us Mon, 28 Aug 2017 00:00:00 +0530 Thu, 29 Oct 2020 18:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291142 The Tribunal allowed the appeal of the assessee for statistical purposes, remitting the matter back to the Ld. AO for fresh consideration based on the clarification that if investments were made in sister concerns for strategic reasons from interest-free funds, Section 14A would not apply. The decision emphasized the importance of the source of funds used for investments in determining the applicability of Section 14A. The Tribunal directed the Ld. AO to pass an appropriate order in accordance with the law and merits of the case. Case-Laws Income Tax Mon, 28 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291142