https://www.taxtmi.com/caselaws?id=420172 The Tribunal allowed the assessee's appeal, emphasizing that no disallowance of interest could be made when the assessee's own funds exceeded the investments generating tax-free income. The Tribunal highlighted the importance of recording satisfaction before applying Rule 8D and reiterated the principle that investments from own funds do not warrant disallowance of interest. The decision was in line with previous rulings and the recent Supreme Court judgment, leading to the deletion of the disallowance. en-us Wed, 09 Mar 2022 00:00:00 +0530 Tue, 29 Mar 2022 08:34:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420172 The Tribunal allowed the assessee's appeal, emphasizing that no disallowance of interest could be made when the assessee's own funds exceeded the investments generating tax-free income. The Tribunal highlighted the importance of recording satisfaction before applying Rule 8D and reiterated the principle that investments from own funds do not warrant disallowance of interest. The decision was in line with previous rulings and the recent Supreme Court judgment, leading to the deletion of the disallowance. Case-Laws Income Tax Wed, 09 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420172