https://www.taxtmi.com/caselaws?id=440582 The tribunal allowed the appellant's appeal, ruling that no disallowance was warranted under section 14A as the appellant's own funds exceeded the investments for earning exempt income. The disallowance made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) was deemed unjustified, leading to the deletion of the disallowance under section 14A read with Rule 8D. en-us Wed, 19 Jul 2023 00:00:00 +0530 Thu, 20 Jul 2023 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440582 The tribunal allowed the appellant's appeal, ruling that no disallowance was warranted under section 14A as the appellant's own funds exceeded the investments for earning exempt income. The disallowance made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) was deemed unjustified, leading to the deletion of the disallowance under section 14A read with Rule 8D. Case-Laws Income Tax Wed, 19 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440582