https://www.taxtmi.com/caselaws?id=332889 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to delete the disallowance of Rs. 4,61,358 under Section 14A of the Income Tax Act, 1961. The Tribunal held that since no expenditure was incurred for earning exempt income, no disallowance could be made. The decision was supported by various judicial precedents, emphasizing that expenses can only be disallowed if they are relatable to earning taxable income. The order was pronounced on 17/05/2016. en-us Wed, 18 May 2016 00:00:00 +0530 Tue, 27 Sep 2016 21:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332889 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to delete the disallowance of Rs. 4,61,358 under Section 14A of the Income Tax Act, 1961. The Tribunal held that since no expenditure was incurred for earning exempt income, no disallowance could be made. The decision was supported by various judicial precedents, emphasizing that expenses can only be disallowed if they are relatable to earning taxable income. The order was pronounced on 17/05/2016. Case-Laws Income Tax Wed, 18 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332889