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Suresh Chunnilal Sharma v. ITO (2021) 188 ITD 487 / 213 TTJ 409 / 86 ITR 22 (SN) (Pune)(Trib.)/Alliance Infrastructure Projects Pvt. Ltd. v. ACIT (2021)90 ITR 12 (SN)(Bang) (Trib) Alliance Infrastructure Projects Pvt. Ltd. v. ACIT (2021)90 ITR 12 (SN)(Bang) (Trib)

S. 14A : Disallowance of expenditure-Exempt income-Investment from interest free funds-No disallowance of interest could be made. [R. 8D]

Held that interest free funds available with assessee were sufficient to meet its investment hence no disallowance of interest should be made to that extent. (AY. 2013-14)