Sec. 14A of the Income-tax Act, 1961 - Expenditure incurred – Revenue through filing tax appeal, challenged the order of Tribunal ”in holding that no investment is made by the assessee in shares and securities (Mutual funds) out of interest bearing funds relying on the decision of Hon'ble High Court in the case of Reliance Utilities & Power Ltd. (313 ITR 340) while dismissing the Revenue's appeal and giving part relief on assessee's appeal on the issue of disallowance of expenditure made by the Assessing Officer u/s 14A r/w Rule 8D". By an order dated 9th July 2014, High Court refused to entertain the Revenue's two appeals on an identical issue as not giving rise to any substantial question of law. The Revenue was not been able to point out any distinguishing features in the present appeal visa-vis the facts and law involved/existing in the A.Yrs 2006-07 and 2007-08. Thus, High Court declined to entertain Revenue’s appeal. SLP of the revenue dismissed as withdrawn due to low tax effect. - CIT V/s WEIZMANN LTD. - [2020] 273 TAXMAN 015 (SC)