https://www.taxtmi.com/caselaws?id=297005 The ITAT Chennai allowed the appeal of the assessee, directing the AO to calculate disallowances under Section 14A r.w.r. 8D only on investments yielding exempt income and to delete the disallowance of interest expenditure under Section 36(1)(iii) as the loan was presumed to be extended from non-interest bearing funds. en-us Tue, 17 Apr 2018 00:00:00 +0530 Sun, 15 Aug 2021 14:25:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297005 The ITAT Chennai allowed the appeal of the assessee, directing the AO to calculate disallowances under Section 14A r.w.r. 8D only on investments yielding exempt income and to delete the disallowance of interest expenditure under Section 36(1)(iii) as the loan was presumed to be extended from non-interest bearing funds. Case-Laws Income Tax Tue, 17 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297005