https://www.taxtmi.com/caselaws?id=763748 ITAT Delhi ruled in favor of the assessee on three issues. First, disallowance under section 14A was deleted as the assessee had mixed pool funds exceeding mutual fund investments, following SC precedents in South India Bank and Reliance Industries. Second, interest disallowance under section 36(1)(iii) was removed based on consistency principle, as similar claims were accepted in previous assessment years 2010-13. Third, repair and maintenance disallowance was deleted following the Tribunal's own precedent and considering the assessee's business nature involving asset preservation. en-us Tue, 10 Dec 2024 00:00:00 +0530 Thu, 26 Dec 2024 20:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763748 ITAT Delhi ruled in favor of the assessee on three issues. First, disallowance under section 14A was deleted as the assessee had mixed pool funds exceeding mutual fund investments, following SC precedents in South India Bank and Reliance Industries. Second, interest disallowance under section 36(1)(iii) was removed based on consistency principle, as similar claims were accepted in previous assessment years 2010-13. Third, repair and maintenance disallowance was deleted following the Tribunal's own precedent and considering the assessee's business nature involving asset preservation. Case-Laws Income Tax Tue, 10 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763748