https://www.taxtmi.com/caselaws?id=407838 The Tribunal remitted the matter back to the Assessing Officer for verification as the Commissioner of Income Tax (Appeals) did not address the grounds raised in the appeal regarding the disallowance of notional expenditure under section 14A of the Income Tax Act. The Tribunal held that since the investment in the sister company was made from non-interest-bearing funds, no expenses were incurred, and directed the AO to delete the addition made under section 14A if the source of investment was verified to be non-interest-bearing funds. en-us Fri, 09 Apr 2021 00:00:00 +0530 Mon, 24 May 2021 08:36:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407838 The Tribunal remitted the matter back to the Assessing Officer for verification as the Commissioner of Income Tax (Appeals) did not address the grounds raised in the appeal regarding the disallowance of notional expenditure under section 14A of the Income Tax Act. The Tribunal held that since the investment in the sister company was made from non-interest-bearing funds, no expenses were incurred, and directed the AO to delete the addition made under section 14A if the source of investment was verified to be non-interest-bearing funds. Case-Laws Income Tax Fri, 09 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407838