Disallowance u/s. 14A unjustified since own funds available more than investments made: ITAT Ahmedabad

Suzlon Energy Ltd. Vs DCIT (ITAT Ahmedabad)

ITAT Ahmedabad held that no disallowance can be made u/s.14A of the Income Tax Act, when own funds available were far more than the investments made by the Assessee. Thus, disallowance u/s. 14A deleted.

Facts- These cross appeals are filed by the Assessee and the Revenu

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