https://www.taxtmi.com/caselaws?id=339291 The Tribunal dismissed the Revenue's appeal, upholding the ld. CIT(A)'s decision to delete the disallowance under section 14A of the Income Tax Act, 1961. The Tribunal emphasized that since the assessee had not earned any dividend income and the investments were for commercial expediency, no expenditure should be disallowed. Citing precedents and specific case details, the Tribunal concluded that in the absence of exempt income, no disallowance of expenditure was justified, affirming the order passed by the ld. CIT(A). en-us Mon, 13 Feb 2017 00:00:00 +0530 Fri, 24 Feb 2017 00:35:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339291 The Tribunal dismissed the Revenue's appeal, upholding the ld. CIT(A)'s decision to delete the disallowance under section 14A of the Income Tax Act, 1961. The Tribunal emphasized that since the assessee had not earned any dividend income and the investments were for commercial expediency, no expenditure should be disallowed. Citing precedents and specific case details, the Tribunal concluded that in the absence of exempt income, no disallowance of expenditure was justified, affirming the order passed by the ld. CIT(A). Case-Laws Income Tax Mon, 13 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339291