9911796707
TMI Blog2011 (8) TMI 148X X X X Extracts X X X X X X X X Extracts X X X X ..... . Whether the Income Tax Appellate Tribunal was justified in deleting the disallowance of interest amounting to Rs.2.79 crores made by the assessing officer under Section 14A of the Income Tax Act, 1961 is the question raised in this appeal. 2. The assessment year involved herein is assessment year 2000-01. 3. In the assessment year in question, the assessee had earned dividend inc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uring the assessment years 1994-95 till 199899 and it has been consistently held by the Income Tax Appellate Tribunal that these investments have been made out of the assessee's own funds and not out of the borrowed funds. Even the investments made in the assessment year 1999-2000 have been held by the Income Tax Appellate tribunal to be out of assessee's own funds and not out of borrowed funds by ..... X X X X Extracts X X X X X X X X Extracts X X X X
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