Dismissing the appeal of the revenue the Court held that interest income more than interest expenditure therefore deletion of disallowance is held to be justified. (AY.2011-12)
PCIT v. Adani Infrastructure And Developers Pvt. Ltd. (2021) 432 ITR 113 (Guj.)(HC)
S.14A : Disallowance of expenditure-Exempt income-Interest income more than interest expenditure-Deletion of disallowance is held to be justified. [R. 8D]