https://www.taxtmi.com/caselaws?id=429904 The Tribunal allowed the appeal of the assessee, directing the deletion of the disallowance of Rs. 6,30,455 made under section 14A of the Income Tax Act. The Tribunal concluded that the investments generating exempt income were made from personal funds, not business funds, based on detailed financial statements provided by the assessee. The order in favor of the assessee was pronounced on 19th October 2022 at Ahmedabad. en-us Wed, 19 Oct 2022 00:00:00 +0530 Thu, 15 Dec 2022 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429904 The Tribunal allowed the appeal of the assessee, directing the deletion of the disallowance of Rs. 6,30,455 made under section 14A of the Income Tax Act. The Tribunal concluded that the investments generating exempt income were made from personal funds, not business funds, based on detailed financial statements provided by the assessee. The order in favor of the assessee was pronounced on 19th October 2022 at Ahmedabad. Case-Laws Income Tax Wed, 19 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429904