https://www.taxtmi.com/caselaws?id=185037 The Appellate Tribunal allowed the appeal of the assessee after condoning the delay in filing the appeal and overturning the disallowance of expenses under Section 14A. The Tribunal emphasized that in the absence of exempt income, disallowance under Section 14A should not be imposed, citing a precedent from the Hon'ble Gujarat High Court. The delay in filing the appeal was deemed unintentional, attributed to a genuine human error by the Accountant. Consequently, the appeal was decided on its merits in favor of the assessee. en-us Fri, 30 Oct 2015 00:00:00 +0530 Thu, 28 Jul 2016 17:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185037 The Appellate Tribunal allowed the appeal of the assessee after condoning the delay in filing the appeal and overturning the disallowance of expenses under Section 14A. The Tribunal emphasized that in the absence of exempt income, disallowance under Section 14A should not be imposed, citing a precedent from the Hon'ble Gujarat High Court. The delay in filing the appeal was deemed unintentional, attributed to a genuine human error by the Accountant. Consequently, the appeal was decided on its merits in favor of the assessee. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185037