https://www.taxtmi.com/caselaws?id=293236 The ITAT upheld the CIT(A)'s decision to delete the disallowance of interest expenses u/s.14A for A.Y. 2002-03. The Revenue's appeal against the order was dismissed as the CIT(A) found sufficient interest-free funds available with the company and established a clear nexus between investments and funding sources, concluding that the disallowance was unjustified based on a detailed analysis of the case and relevant case law. en-us Fri, 21 Dec 2012 00:00:00 +0530 Mon, 01 Feb 2021 12:38:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293236 The ITAT upheld the CIT(A)'s decision to delete the disallowance of interest expenses u/s.14A for A.Y. 2002-03. The Revenue's appeal against the order was dismissed as the CIT(A) found sufficient interest-free funds available with the company and established a clear nexus between investments and funding sources, concluding that the disallowance was unjustified based on a detailed analysis of the case and relevant case law. Case-Laws Income Tax Fri, 21 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293236