https://www.taxtmi.com/caselaws?id=440008 The Tribunal allowed the appeal of the assessee, overturning the CIT(A)'s decision regarding the disallowance of expenses under Section 14A in relation to investment in shares. The Tribunal held that Section 14A was inapplicable as the assessee did not earn any exempt income during the year, and there was no nexus with borrowed funds. As a result, the appeal of the assessee was allowed. en-us Tue, 04 Jul 2023 00:00:00 +0530 Thu, 06 Jul 2023 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440008 The Tribunal allowed the appeal of the assessee, overturning the CIT(A)'s decision regarding the disallowance of expenses under Section 14A in relation to investment in shares. The Tribunal held that Section 14A was inapplicable as the assessee did not earn any exempt income during the year, and there was no nexus with borrowed funds. As a result, the appeal of the assessee was allowed. Case-Laws Income Tax Tue, 04 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440008