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2019 (6) TMI 151 - HC - Income TaxDisallowance u/s 14A read with Rule 8D - alleged that investments in various equity funds and shares of different companies was made indirectly from the loan funds - HELD THAT:- Similar issue decided in Principal Commissioner of Income Tax-I, Chandigarh v. M/s Vardhman Chemtech Private Limited, Chandigarh [2018 (10) TMI 1037 - PUNJAB AND HARYANA HIGH COURT] wherein the appeal filed by the revenue against the deletion of disallowance under Section 14A of the Act read with Rule 8D of the Rules, was dismissed.
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