https://www.taxtmi.com/caselaws?id=182063 The Tribunal allowed the appellant's appeal as no exempt income was earned, following the Hon'ble Delhi High Court's precedent that disallowance under section 14A cannot be made without exempt income. The disallowance under Rule 8D was also deemed unwarranted due to the absence of exempt income. The issue of interest under section 234B was not addressed. The decision was rendered on 25th March 2015. en-us Wed, 25 Mar 2015 00:00:00 +0530 Mon, 02 May 2016 10:05:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182063 The Tribunal allowed the appellant's appeal as no exempt income was earned, following the Hon'ble Delhi High Court's precedent that disallowance under section 14A cannot be made without exempt income. The disallowance under Rule 8D was also deemed unwarranted due to the absence of exempt income. The issue of interest under section 234B was not addressed. The decision was rendered on 25th March 2015. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182063