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<h1>SC dismissed the petition due to delay and lack of merits, disposing of pending applications.</h1> SC dismissed the petition due to delay and lack of merits, disposing of pending applications. - TMI Disallowance u/s 14A - AO had proceeded to calculate the disallowance based upon the investments made by the assessee - as held by HC that in the absence of any exempt income disallowance was impermissible - HELD THAT:- The petition is dismissed both on the ground of delay as well as on merits. The Supreme Court dismissed the petition on the grounds of delay and merits. Pending applications were also disposed of.
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