https://www.taxtmi.com/caselaws?id=420291 The Tribunal allowed the appeal of the assessee, directing the deletion of disallowances and additions made by the AO under Sections 14A, 68, and for vehicle/travelling expenses. The Tribunal found in favor of the assessee, noting the lack of nexus between borrowed funds and investments, the satisfactory evidence provided for cash credits, and the inapplicability of personal use disallowances to a private limited company. The Tribunal's decision was pronounced on 22nd February 2022. en-us Tue, 22 Feb 2022 00:00:00 +0530 Wed, 30 Mar 2022 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420291 The Tribunal allowed the appeal of the assessee, directing the deletion of disallowances and additions made by the AO under Sections 14A, 68, and for vehicle/travelling expenses. The Tribunal found in favor of the assessee, noting the lack of nexus between borrowed funds and investments, the satisfactory evidence provided for cash credits, and the inapplicability of personal use disallowances to a private limited company. The Tribunal's decision was pronounced on 22nd February 2022. Case-Laws Income Tax Tue, 22 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420291