https://www.taxtmi.com/caselaws?id=442922 The Tribunal upheld the disallowance of interest under Section 36(1)(iii) of the Income Tax Act but allowed depreciation on the capitalized interest amount. The disallowance under Section 14A was deleted as there was no exempt income reported, and the recent amendment to Section 14A was found not to be retrospective. en-us Wed, 06 Sep 2023 00:00:00 +0530 Tue, 12 Sep 2023 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442922 The Tribunal upheld the disallowance of interest under Section 36(1)(iii) of the Income Tax Act but allowed depreciation on the capitalized interest amount. The disallowance under Section 14A was deleted as there was no exempt income reported, and the recent amendment to Section 14A was found not to be retrospective. Case-Laws Income Tax Wed, 06 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442922