https://www.taxtmi.com/caselaws?id=181788 The Tribunal set aside the CIT(A)'s order and directed the Assessing Officer to delete the disallowance of Rs. 5,86,962 made under section 14A. The appeal by the assessee was partly allowed, emphasizing the principle that disallowance under section 14A requires the presence of tax-free income. The decision focused on the absence of tax-free income from the investments, leading to the deletion of the disallowance under section 14A. en-us Thu, 26 Jun 2014 00:00:00 +0530 Mon, 25 Apr 2016 12:36:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181788 The Tribunal set aside the CIT(A)'s order and directed the Assessing Officer to delete the disallowance of Rs. 5,86,962 made under section 14A. The appeal by the assessee was partly allowed, emphasizing the principle that disallowance under section 14A requires the presence of tax-free income. The decision focused on the absence of tax-free income from the investments, leading to the deletion of the disallowance under section 14A. Case-Laws Income Tax Thu, 26 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181788