https://www.taxtmi.com/caselaws?id=255904 The Tribunal held that disallowance under Section 14A of the Income Tax Act cannot be made if no exempt income is earned. Consequently, the disallowance imposed by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) was overturned, and the appeal of the assessee was allowed. en-us Fri, 16 Jan 2015 00:00:00 +0530 Fri, 30 Jan 2015 08:31:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255904 The Tribunal held that disallowance under Section 14A of the Income Tax Act cannot be made if no exempt income is earned. Consequently, the disallowance imposed by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) was overturned, and the appeal of the assessee was allowed. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255904