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![No Nexus Between Borrowed Funds and Tax-Exempt Investments: ITAT quashes s.14A Disallowance under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Nexus-Borrowed-Funds-Tax-Exempt-Investments-ITAT-Disallowance-Income-Tax-taxscan.jpeg "No Nexus Between Borrowed Funds and Tax-Exempt Investments: ITAT quashes s.14A Disallowance under Income Tax [Read Order]")
No Nexus Between Borrowed Funds and Tax-Exempt Investments: ITAT quashes s.14A Disallowance under Income Tax [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) quashed invocation of section 14 of the Income Tax Act 1961 (ITA) noting that it was...
![Borrowed Funds not utilized for making Investments: Calcutta HC quashes proceedings against Century Enka [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Borrowed-Funds-Investments-Calcutta-High-Court-Century-Enka-Taxscan.jpg "Borrowed Funds not utilized for making Investments: Calcutta HC quashes proceedings against Century Enka [Read Order]")
![Interest Paid is allowable u/s 36(1)(iii) of Income Tax Act When Funds are Borrowed for Construction Project: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Interest-paid-Interest-Income-Tax-Act-Income-Tax-Tax-Funds-borrowed-Funds-Construction-Project-Construction-ITAT-taxscan.jpg "Interest Paid is allowable u/s 36(1)(iii) of Income Tax Act When Funds are Borrowed for Construction Project: ITAT [Read Order]")
![No Addition of Interest u/s 36(1)(iii) on Interest-Free Loan / Advance to Sister Concern out of Interest-Free Funds: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Interest-advance-Interest-free-loan-Sister-Concern-Interest-free-Funds-ITAT-Taxscan.jpeg "No Addition of Interest u/s 36(1)(iii) on Interest-Free Loan / Advance to Sister Concern out of Interest-Free Funds: ITAT [Read Order]")
Interest Expenditure cannot be disallowed without proving the nexus between Borrowed Funds and its Utilisation for Non-Business Purposes: ITAT Raipur [Read Order]
The ITAT, Raipur in the case of DCIT v. Sardar Baldeo Singh Bhatia, held that the interest expenditure cannot be disallowed by the Assessing Authority without proving the nexus between borrowed funds...
![Interest Expenditure cannot be disallowed without proving the nexus between Borrowed Funds and its Utilisation for Non-Business Purposes: ITAT Raipur [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest Expenditure cannot be disallowed without proving the nexus between Borrowed Funds and its Utilisation for Non-Business Purposes: ITAT Raipur [Read Order]")