2016 (3) TMI 373

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... did not record any categorical finding on the question of disallowance under Section 14A. The Tribunal merely remanded the matter for the purpose of finding out as to how much of the funds were interest free funds or not. It is not a question of law that could arise for our consideration under Section 260A. - Decided against revenue - T.C.A. No. 109 of 2016 - - - Dated:- 15-2-2016 - V Ramasubr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... free funds available with the assessee, including the profits and the extent of borrowed funds and the extent of exempted income earned by the assessee, which are not provided under Rule 8D of the Income Tax Rules, 1962 ? 2. Heard Mr.T.R.Senthilkumar, learned counsel for the appellant/ Revenue. 3. The assessee filed a return of income declaring a particular quantum of income and a short t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e interest free funds available with the assessee including the profits and the extent of borrowed funds. 5. In so far the expenditure claimed by the assessee said to have been incurred for repair, renovation and maintenance of hospitals, etc., is concerned, the Tribunal held that the same also requires reconsideration in the light of the issue under Section 14A being remanded back. It is again .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X