https://www.taxtmi.com/caselaws?id=404304 The ITAT Delhi dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all grounds related to disallowances under Sections 14A and 36(1)(iii) of the Income Tax Act, as well as the disallowance of depreciation claimed on Wind Mills. The ITAT found the CIT(A)'s reasoning just and proper, noting that investments were made from the assessee's own funds, and no interest expenditure was linked to exempt income. The judgment was pronounced on February 19, 2021. en-us Fri, 19 Feb 2021 00:00:00 +0530 Sat, 20 Feb 2021 09:08:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404304 The ITAT Delhi dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all grounds related to disallowances under Sections 14A and 36(1)(iii) of the Income Tax Act, as well as the disallowance of depreciation claimed on Wind Mills. The ITAT found the CIT(A)'s reasoning just and proper, noting that investments were made from the assessee's own funds, and no interest expenditure was linked to exempt income. The judgment was pronounced on February 19, 2021. Case-Laws Income Tax Fri, 19 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404304