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![Failure to prove the Interest bearing Funds being used for Investments giving rise to exempt Income: ITAT directs Re-computation of Disallowance under Rule 8D(2)(iii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Failure-prove-interest-bearing-funds-investments-rise-exempt-income-ITAT-directs-re-computation-disallowance-taxscan.jpg "Failure to prove the Interest bearing Funds being used for Investments giving rise to exempt Income: ITAT directs Re-computation of Disallowance under Rule 8D(2)(iii) [Read Order]")
Failure to prove the Interest bearing Funds being used for Investments giving rise to exempt Income: ITAT directs Re-computation of Disallowance under Rule 8D(2)(iii) [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal held that AO will re-compute the disallowance only on the investments giving rise to exempt...
![No Disallowance on Ad-Hoc basis on the plank that Interest-Bearing Funds are Diverted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Disallowance-Ad-Hoc-Basis-plank-Interest-Bearing-Funds-ITAT-taxscan.jpg "No Disallowance on Ad-Hoc basis on the plank that Interest-Bearing Funds are Diverted: ITAT [Read Order]")
![Interest-Bearing Funds not Utilised for Advancing Funds: ITAT upholds deletion of Interest made u/s 36(1)(iii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Interest-Bearing-Funds-Utilised-Advancing-Funds-ITAT-Deletion-Interest-Taxscan.jpg "Interest-Bearing Funds not Utilised for Advancing Funds: ITAT upholds deletion of Interest made u/s 36(1)(iii) [Read Order]")