https://www.taxtmi.com/caselaws?id=298888 The tribunal ruled in favor of the appellant, setting aside the disallowance of expenses under section 14A r.w.r. 8D for A.Y. 2012-13. The tribunal held that since no exempt income was earned during the year and the appellant had adequate interest-free funds exceeding the investments, no disallowance under section 14A was justified. The decision was based on established legal principles and precedents from various High Courts, resulting in the allowance of the appeal. en-us Fri, 18 Jan 2019 00:00:00 +0530 Fri, 26 Nov 2021 09:18:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298888 The tribunal ruled in favor of the appellant, setting aside the disallowance of expenses under section 14A r.w.r. 8D for A.Y. 2012-13. The tribunal held that since no exempt income was earned during the year and the appellant had adequate interest-free funds exceeding the investments, no disallowance under section 14A was justified. The decision was based on established legal principles and precedents from various High Courts, resulting in the allowance of the appeal. Case-Laws Income Tax Fri, 18 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298888