https://www.taxtmi.com/caselaws?id=308319 The Tribunal dismissed the revenue's appeal, upholding the Commissioner of Income Tax (Appeals)' decision regarding the disallowance of interest under Section 14A for the Assessment Year 2010-11. The Tribunal found no grounds to interfere, as the facts of the case were similar to previous years where relief was granted to the assessee based on the nexus of interest-free funds and investments made. The appeal was summarily dismissed, affirming the partial allowance of only a 0.50% disallowance towards administrative expenses under Rule 8D. en-us Wed, 21 Sep 2016 00:00:00 +0530 Fri, 16 Jun 2023 07:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308319 The Tribunal dismissed the revenue's appeal, upholding the Commissioner of Income Tax (Appeals)' decision regarding the disallowance of interest under Section 14A for the Assessment Year 2010-11. The Tribunal found no grounds to interfere, as the facts of the case were similar to previous years where relief was granted to the assessee based on the nexus of interest-free funds and investments made. The appeal was summarily dismissed, affirming the partial allowance of only a 0.50% disallowance towards administrative expenses under Rule 8D. Case-Laws Income Tax Wed, 21 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308319