https://www.taxtmi.com/caselaws?id=303910 The Tribunal partially allowed the assessee's appeal by excluding share application money pending allotment and investments not yielding tax-free income from the disallowance computation under Section 14A of the Income Tax Act. The Tribunal also permitted the assessee's claim to exclude interest and indirect expenditure under the same provisions due to the lack of exempt income from investments during the relevant year. The additional grounds raised by the assessee were accepted, while certain grounds were dismissed as not pressed. The Tribunal's decision was issued on June 28, 2017. en-us Wed, 28 Jun 2017 00:00:00 +0530 Wed, 24 Aug 2022 22:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303910 The Tribunal partially allowed the assessee's appeal by excluding share application money pending allotment and investments not yielding tax-free income from the disallowance computation under Section 14A of the Income Tax Act. The Tribunal also permitted the assessee's claim to exclude interest and indirect expenditure under the same provisions due to the lack of exempt income from investments during the relevant year. The additional grounds raised by the assessee were accepted, while certain grounds were dismissed as not pressed. The Tribunal's decision was issued on June 28, 2017. Case-Laws Income Tax Wed, 28 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303910