Dismissing the appeal of the Revenue the Court held that investments were made from own funds hence order of the Tribunal deleting the addition was affirmed. (AY.2010-11)
PCIT v. PTC India Financial Services Ltd. (2022)449 ITR 309 (Delhi)(HC)
S. 14A : Disallowance of expenditure-Exempt income-Interest on borrowed capital-Investments made from own funds-Disallowance is not justified. [R. 8D, 260A]