https://www.taxtmi.com/caselaws?id=253323 The Tribunal dismissed the revenue's appeals and allowed the assessee's appeals, holding that Section 14A could not be applied in the absence of exempt income. The Tribunal found the AO erred in making disallowances under Section 14A. The deletion of disallowance under Rule 8D(2)(ii) was upheld, while the disallowance under Rule 8D(2)(iii) was sustained. en-us Fri, 12 Sep 2014 00:00:00 +0530 Fri, 21 Nov 2014 12:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253323 The Tribunal dismissed the revenue's appeals and allowed the assessee's appeals, holding that Section 14A could not be applied in the absence of exempt income. The Tribunal found the AO erred in making disallowances under Section 14A. The deletion of disallowance under Rule 8D(2)(ii) was upheld, while the disallowance under Rule 8D(2)(iii) was sustained. Case-Laws Income Tax Fri, 12 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253323