Disallowance of interest expenses under the provisions of section 14A of the Income Tax Act

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Last updated: 14 January 2022
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This Income Tax Appellate Tribunal ruling addresses the disallowance of interest expenses under Section 14A. The Tribunal found that the Assessing Officer's disallowance was not justified because the assessee demonstrated sufficient interest-free funds to cover investments that generated exempt income. The Revenue's appeals were dismissed.

Court :
ITAT Ahmedabad

Brief :
These appeals are by the Revenue against separate orders of ld.CIT(A)- 9 , Ahmedabad of even dated i.e. 2.4.2019 passed for the Asstt.Years 2005-06 and 2013-14.

Citation :
ITA No.1098 AND 1099/Ahd/2019

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3499
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Poojitha Raam Vinay

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I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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