https://www.taxtmi.com/caselaws?id=294785 The Tribunal partially allowed the revenue's appeal, upholding the deletion of the disallowance under section 14A read with Rule 8D for the assessment year 2009-10. Emphasizing the need to assess whether investments were made from interest-free funds, the Tribunal relied on previous decisions and the jurisdictional High Court's judgment. The appeal was allowed in part by adding a nominal amount towards administrative expenses. The Tribunal stressed consistency in decisions and judicial discipline, supporting its decision with relevant case law. The general ground raised by the revenue was not extensively discussed and did not impact the outcome. en-us Wed, 10 Jan 2018 00:00:00 +0530 Mon, 03 May 2021 21:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294785 The Tribunal partially allowed the revenue's appeal, upholding the deletion of the disallowance under section 14A read with Rule 8D for the assessment year 2009-10. Emphasizing the need to assess whether investments were made from interest-free funds, the Tribunal relied on previous decisions and the jurisdictional High Court's judgment. The appeal was allowed in part by adding a nominal amount towards administrative expenses. The Tribunal stressed consistency in decisions and judicial discipline, supporting its decision with relevant case law. The general ground raised by the revenue was not extensively discussed and did not impact the outcome. Case-Laws Income Tax Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294785