https://www.taxtmi.com/caselaws?id=411584 The Tribunal partially allowed the appeal by the assessee, addressing disallowances under section 14A, interest on share application money, and the computation of book profits under section 115JB. The Tribunal considered the availability of own funds for investments, allowed interest as revenue expenditure until share allotment, and ruled against invoking section 14A r.w. Rule 8D for book profit determination under section 115JB. Detailed reasoning and legal references supported the decisions, ensuring a comprehensive analysis of the appeal issues. en-us Fri, 20 Aug 2021 00:00:00 +0530 Sat, 28 Aug 2021 09:22:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411584 The Tribunal partially allowed the appeal by the assessee, addressing disallowances under section 14A, interest on share application money, and the computation of book profits under section 115JB. The Tribunal considered the availability of own funds for investments, allowed interest as revenue expenditure until share allotment, and ruled against invoking section 14A r.w. Rule 8D for book profit determination under section 115JB. Detailed reasoning and legal references supported the decisions, ensuring a comprehensive analysis of the appeal issues. Case-Laws Income Tax Fri, 20 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411584