Delhi High Court dismisses Revenue's appeal on Section 14-A disallowance in Income Tax Act

The High Court of Delhi dismissed the Revenue's appeal regarding the disallowance made under Section 14-A of the Income Tax Act, 1961. The disallowance was based on investments made by the assessee, but as there was no exempt income reported for the relevant Assessment Year (2013-14), the appeal was dismissed.

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The High Court of Delhi dismissed the Revenue's appeal regarding the disallowance made under Section 14-A of the Income Tax Act, 1961. The disallowance was based on investments made by the assessee, but as there was no exempt income reported for the relevant Assessment Year (2013-14), the appeal was dismissed.

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