https://www.taxtmi.com/caselaws?id=189205 The Tribunal allowed the appellant's appeal for A.Y. 2009-10, setting aside the disallowance under section 14A of the Income Tax Act, 1961. The Tribunal held that since no exempt income was earned in the relevant year, disallowance under section 14A r.w. Rule 8D was not justified. It also directed the exclusion of strategic investments made by the appellant in group companies while computing the disallowance. en-us Wed, 10 Aug 2016 00:00:00 +0530 Sat, 31 Dec 2016 13:44:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189205 The Tribunal allowed the appellant's appeal for A.Y. 2009-10, setting aside the disallowance under section 14A of the Income Tax Act, 1961. The Tribunal held that since no exempt income was earned in the relevant year, disallowance under section 14A r.w. Rule 8D was not justified. It also directed the exclusion of strategic investments made by the appellant in group companies while computing the disallowance. Case-Laws Income Tax Wed, 10 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189205