https://www.taxtmi.com/caselaws?id=472336 Interest disallowance under Section 14A read with Rule 8D requires examination of financial-statement treatment where loans to distribution companies generate corresponding interest charges and receivables. The first appellate finding of no directly attributable expenditure rested on that material. Reversal without addressing the financial statements or identifying perversity, error, or inconsistency in the factual findings cannot sustain the disallowance, leaving the merits for fresh determination. en-us Wed, 08 Mar 2017 00:00:00 +0530 Thu, 08 Oct 2026 10:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472336 Interest disallowance under Section 14A read with Rule 8D requires examination of financial-statement treatment where loans to distribution companies generate corresponding interest charges and receivables. The first appellate finding of no directly attributable expenditure rested on that material. Reversal without addressing the financial statements or identifying perversity, error, or inconsistency in the factual findings cannot sustain the disallowance, leaving the merits for fresh determination. Case-Laws Income Tax Wed, 08 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472336