https://www.taxtmi.com/caselaws?id=177063 The appeal was allowed for statistical purposes by the ITAT Delhi on February 6, 2015. The Tribunal directed the Assessing Officer to exclude investments yielding no income for the current assessment year from the average investment for computing disallowance under Rule 8D(2)(iii) of the IT Rules. The decision was based on precedents indicating that if no exempt income was earned during the year, disallowance could not be made under Section 14A of the Act. en-us Fri, 06 Feb 2015 00:00:00 +0530 Sat, 02 Jan 2016 10:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177063 The appeal was allowed for statistical purposes by the ITAT Delhi on February 6, 2015. The Tribunal directed the Assessing Officer to exclude investments yielding no income for the current assessment year from the average investment for computing disallowance under Rule 8D(2)(iii) of the IT Rules. The decision was based on precedents indicating that if no exempt income was earned during the year, disallowance could not be made under Section 14A of the Act. Case-Laws Income Tax Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177063