https://www.taxtmi.com/caselaws?id=408714 The Tribunal partially allowed the appeal for statistical purposes, maintaining the decision of the Commissioner of Income Tax (Appeals) to delete the disallowance under section 43B(f) of the Act. Regarding the disallowance of interest under section 14A, the Tribunal directed the Assessing Officer to verify if the assessee had enough own interest-free funds to cover investments made, and to recalculate the disallowance based on investments generating exempt income. The appeal outcome remained unchanged, with the Tribunal's decision pronounced on June 15, 2021. en-us Tue, 15 Jun 2021 00:00:00 +0530 Sat, 19 Jun 2021 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408714 The Tribunal partially allowed the appeal for statistical purposes, maintaining the decision of the Commissioner of Income Tax (Appeals) to delete the disallowance under section 43B(f) of the Act. Regarding the disallowance of interest under section 14A, the Tribunal directed the Assessing Officer to verify if the assessee had enough own interest-free funds to cover investments made, and to recalculate the disallowance based on investments generating exempt income. The appeal outcome remained unchanged, with the Tribunal's decision pronounced on June 15, 2021. Case-Laws Income Tax Tue, 15 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408714