https://www.taxtmi.com/caselaws?id=416439 The appeal, centered on disallowance under Section 14A of the Income Tax Act, 1961, was dismissed by the Tribunal on 15th December 2021. The Tribunal found the Ld. AO's failure to express dissatisfaction with the assessee's voluntary disallowance crucial, noted the absence of a clear link between borrowed funds and investments, and upheld the consistency with prior Tribunal decisions for AYs 2010-11 and 2011-12. The appeal outcome aligned with previous rulings, leading to its dismissal. en-us Wed, 15 Dec 2021 00:00:00 +0530 Tue, 28 Dec 2021 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416439 The appeal, centered on disallowance under Section 14A of the Income Tax Act, 1961, was dismissed by the Tribunal on 15th December 2021. The Tribunal found the Ld. AO's failure to express dissatisfaction with the assessee's voluntary disallowance crucial, noted the absence of a clear link between borrowed funds and investments, and upheld the consistency with prior Tribunal decisions for AYs 2010-11 and 2011-12. The appeal outcome aligned with previous rulings, leading to its dismissal. Case-Laws Income Tax Wed, 15 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416439