CIT(A) Correctly Reverses AO's Disallowance of Interest Expenditure u/s 14A Due to Lack of New Investments.

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....Disallowance u/s 14A - Disallowance made on account of interest expenditure - AO has not made any disallowance on account of interest expenditure u/s 14A of the I.T. Act in the preceding years. Therefore, when no fresh investment is made other than the proceeds of the sale of existing investment then the disallowance of interest expenditure is not warranted. - CIT(A) rightly deleted the disallowance made by the AO u/s 14A - AT....