https://www.taxtmi.com/caselaws?id=294030 The ITAT, Mumbai, allowed the assessee's appeals regarding disallowance u/s. 14A for A.Ys. 2009-10 to 2013-14, directing the deletion of interest expenditure disallowance due to own funds exceeding mutual fund investments. For deemed dividend u/s. 2(22)(e) for A.Ys. 2010-11 to 2013-14, the ITAT upheld the CIT(A)'s decision, dismissing Revenue's appeals as the assessee was not a shareholder of the closely held company. The judgment was in favor of the assessee, with detailed reasoning provided for each issue. en-us Tue, 21 Nov 2017 00:00:00 +0530 Wed, 17 Mar 2021 09:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294030 The ITAT, Mumbai, allowed the assessee's appeals regarding disallowance u/s. 14A for A.Ys. 2009-10 to 2013-14, directing the deletion of interest expenditure disallowance due to own funds exceeding mutual fund investments. For deemed dividend u/s. 2(22)(e) for A.Ys. 2010-11 to 2013-14, the ITAT upheld the CIT(A)'s decision, dismissing Revenue's appeals as the assessee was not a shareholder of the closely held company. The judgment was in favor of the assessee, with detailed reasoning provided for each issue. Case-Laws Income Tax Tue, 21 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294030