https://www.taxtmi.com/caselaws?id=190774 The Tribunal ruled in favor of the assessee on both issues. The disallowance under section 14A was deleted as no exempt income was earned, following a decision by the Delhi High Court. For the disallowance under section 41(1), corrections were made to outstanding creditor details, and further verification was directed at the assessment stage. The appeal was partly allowed for statistical purposes, emphasizing the need for thorough verification before making any additions. en-us Mon, 28 Sep 2015 00:00:00 +0530 Mon, 27 Feb 2017 10:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190774 The Tribunal ruled in favor of the assessee on both issues. The disallowance under section 14A was deleted as no exempt income was earned, following a decision by the Delhi High Court. For the disallowance under section 41(1), corrections were made to outstanding creditor details, and further verification was directed at the assessment stage. The appeal was partly allowed for statistical purposes, emphasizing the need for thorough verification before making any additions. Case-Laws Income Tax Mon, 28 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190774