https://www.taxtmi.com/caselaws?id=301463 The Tribunal partially allowed the appeal, directing the deletion of a portion of the disallowed amount under section 14A read with rule 8D. The Tribunal found that the investments were primarily made from own funds, with a minimal amount from borrowed funds, and were strategic in nature, not for earning dividend income. Consequently, the disallowance confirmed by the ld. CIT(A) was deemed erroneous, leading to the deletion of a portion of the disallowed amount by the AO. en-us Wed, 14 Sep 2016 00:00:00 +0530 Tue, 05 Apr 2022 21:46:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301463 The Tribunal partially allowed the appeal, directing the deletion of a portion of the disallowed amount under section 14A read with rule 8D. The Tribunal found that the investments were primarily made from own funds, with a minimal amount from borrowed funds, and were strategic in nature, not for earning dividend income. Consequently, the disallowance confirmed by the ld. CIT(A) was deemed erroneous, leading to the deletion of a portion of the disallowed amount by the AO. Case-Laws Income Tax Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301463