https://www.taxtmi.com/caselaws?id=776917 ITAT MUMBAI - AT allowed the revenue on the TP adjustment for notional interest on an outstanding receivable after the assessee conceded the point, permitting Ground No.1 in favour of the revenue without adjudicating merits. On disallowance under s.14A read with r.8D, the tribunal upheld the CIT(A)'s decision for the assessee, following an earlier ITAT Mumbai ruling for the assessee, concluding no s.14A disallowance is warranted where the assessee earned no exempt income. en-us Mon, 18 Aug 2025 00:00:00 +0530 Thu, 21 Aug 2025 08:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776917 ITAT MUMBAI - AT allowed the revenue on the TP adjustment for notional interest on an outstanding receivable after the assessee conceded the point, permitting Ground No.1 in favour of the revenue without adjudicating merits. On disallowance under s.14A read with r.8D, the tribunal upheld the CIT(A)'s decision for the assessee, following an earlier ITAT Mumbai ruling for the assessee, concluding no s.14A disallowance is warranted where the assessee earned no exempt income. Case-Laws Income Tax Mon, 18 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776917