https://www.taxtmi.com/caselaws?id=177188 The Tribunal upheld the CIT(A)'s decision to delete the addition made under Section 14A of the Income Tax Act, 1961, as no exempt income was earned in the relevant assessment year, thus no disallowance was warranted. Additionally, the Tribunal affirmed the deletion of the disallowance of interest paid to Nishkalp Energy Limited and Tata Motors Ltd., as the liability was crystallized in the assessment year 2008-2009 and correctly debited to the profit and loss account. The appeal by the Revenue was dismissed, and the CIT(A)'s order was confirmed in its entirety. en-us Tue, 12 Nov 2013 00:00:00 +0530 Wed, 05 Oct 2016 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177188 The Tribunal upheld the CIT(A)'s decision to delete the addition made under Section 14A of the Income Tax Act, 1961, as no exempt income was earned in the relevant assessment year, thus no disallowance was warranted. Additionally, the Tribunal affirmed the deletion of the disallowance of interest paid to Nishkalp Energy Limited and Tata Motors Ltd., as the liability was crystallized in the assessment year 2008-2009 and correctly debited to the profit and loss account. The appeal by the Revenue was dismissed, and the CIT(A)'s order was confirmed in its entirety. Case-Laws Income Tax Tue, 12 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177188