Dismissing the appeal of the revenue the Court held that ; the assessee has Invested own money therefore no disallowance of interest can be made in respect of borrowed funds .
CIT v. Deepak Vegpro (P) Ltd. (2018) 406 ITR 496/161 DTR 170 / 300 CTR 98 (Raj)(HC)
S. 14A : Disallowance of expenditure – Exempt income -Invested own money therefore no disallowance of interest can be made in respect of borrowed funds [S. 36(1)(iii), R.8D ]