https://www.taxtmi.com/caselaws?id=262196 The Tribunal ruled in favor of the assessee, directing the deletion of disallowance under section 14A of the Income Tax Act due to the absence of exempt income. The Tribunal also disallowed the enhancement of assessed income for Minimum Alternate Tax (MAT) computation, as no disallowance under section 14A could be added in the absence of exempt income. The appeals were allowed, and the Tribunal directed the Assessing Officer to delete the disallowance in both assessment years. en-us Mon, 09 Mar 2015 00:00:00 +0530 Fri, 24 Jul 2015 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262196 The Tribunal ruled in favor of the assessee, directing the deletion of disallowance under section 14A of the Income Tax Act due to the absence of exempt income. The Tribunal also disallowed the enhancement of assessed income for Minimum Alternate Tax (MAT) computation, as no disallowance under section 14A could be added in the absence of exempt income. The appeals were allowed, and the Tribunal directed the Assessing Officer to delete the disallowance in both assessment years. Case-Laws Income Tax Mon, 09 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262196