https://www.taxtmi.com/caselaws?id=260076 The ITAT addressed the disallowance of expenditure u/s 14A of the Act and disallowance for non-remittance of employees' contribution to PF and ESI. It held that if no exempt income was earned, no disallowance u/s 14A could be made, remitting the matter back to the AO for verification. Regarding the non-remittance issue, the ITAT upheld the ld. CIT(A)'s decision, allowing the expenditure as deductible u/s 43B. The appeals of the assessee were allowed for statistical purposes, and the revenue's appeals were dismissed. en-us Fri, 08 May 2015 00:00:00 +0530 Mon, 01 Jun 2015 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260076 The ITAT addressed the disallowance of expenditure u/s 14A of the Act and disallowance for non-remittance of employees' contribution to PF and ESI. It held that if no exempt income was earned, no disallowance u/s 14A could be made, remitting the matter back to the AO for verification. Regarding the non-remittance issue, the ITAT upheld the ld. CIT(A)'s decision, allowing the expenditure as deductible u/s 43B. The appeals of the assessee were allowed for statistical purposes, and the revenue's appeals were dismissed. Case-Laws Income Tax Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260076