https://www.taxtmi.com/caselaws?id=439095 The ITAT Raipur partially allowed the appeal, ordering the deletion of the disallowance made under section 14A read with rule 8D. The tribunal found that no interest-bearing funds were used for investments to earn exempted income, and no other expenses were incurred for exempted income. The matter was remanded back to the ld. AO for verification of the actual exempted income earned by the assessee. The appeal of the revenue was partly allowed for statistical purposes. en-us Wed, 14 Jun 2023 00:00:00 +0530 Thu, 15 Jun 2023 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439095 The ITAT Raipur partially allowed the appeal, ordering the deletion of the disallowance made under section 14A read with rule 8D. The tribunal found that no interest-bearing funds were used for investments to earn exempted income, and no other expenses were incurred for exempted income. The matter was remanded back to the ld. AO for verification of the actual exempted income earned by the assessee. The appeal of the revenue was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 14 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439095