Since the investment in the shares was made by the assessee out ...
Taxpayer's Investment in Shares with Interest-Free Funds Validated; Section 14A Disallowance Deleted by CIT(A) Decision.
January 5, 2015
Case Laws Income Tax AT
Since the investment in the shares was made by the assessee out of interest free funds, such as share application money received, the ordero of the CIT(A) in deleting the disallowance made u/s 14A is upheld - AT
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