https://www.taxtmi.com/caselaws?id=400505 The Tribunal partly allowed the appellant's appeal, addressing two key issues. First, it overturned the disallowance of Rs. 6,59,425 in interest expenses, agreeing with the appellant's argument of substantial interest-free funds. Second, it reduced the enhanced disallowance under section 14A from Rs. 14,36,931 to Rs. 85,923, considering the availability of interest-free funds and relevant legal precedents. en-us Fri, 09 Oct 2020 00:00:00 +0530 Tue, 05 Nov 2024 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400505 The Tribunal partly allowed the appellant's appeal, addressing two key issues. First, it overturned the disallowance of Rs. 6,59,425 in interest expenses, agreeing with the appellant's argument of substantial interest-free funds. Second, it reduced the enhanced disallowance under section 14A from Rs. 14,36,931 to Rs. 85,923, considering the availability of interest-free funds and relevant legal precedents. Case-Laws Income Tax Fri, 09 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400505