Deputy Commissioner Of Income Tax vs M/S Bbf Industries LimitedFormerly Known As Bharat Box Factory Ltd.)

Whether disallowance of interest under Section 36(1)(iii) on capital work in progress, interest-free advances for capital purposes, and investments is justified when assessee has sufficient own funds and loan funds are utilized for business purposes? --- Held No. Whether disallowance under Section 14A r.w.r. 8D is justified when assessee received no exempt income and had sufficient own funds? --- Held No.