https://www.taxtmi.com/caselaws?id=407501 The tribunal partly favored the assessee and partly the Revenue. It upheld disallowance under Section 14A but allowed exclusion of strategic investments not yielding dividend income. Disallowance under Section 14A was held not to impact book profit computation under Section 115JB. The tribunal rejected attributing interest expenses when interest-free funds exceed investments. It also dismissed considering only net interest for disallowance, referencing previous court decisions. The decisions were pronounced on 8.4.2021. en-us Thu, 08 Apr 2021 00:00:00 +0530 Thu, 13 May 2021 08:27:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407501 The tribunal partly favored the assessee and partly the Revenue. It upheld disallowance under Section 14A but allowed exclusion of strategic investments not yielding dividend income. Disallowance under Section 14A was held not to impact book profit computation under Section 115JB. The tribunal rejected attributing interest expenses when interest-free funds exceed investments. It also dismissed considering only net interest for disallowance, referencing previous court decisions. The decisions were pronounced on 8.4.2021. Case-Laws Income Tax Thu, 08 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407501