https://www.taxtmi.com/caselaws?id=191289 The court disallowed the preliminary expenditure claimed by the assessee and upheld the disallowance of interest under Section 14A made by the Assessing Officer and confirmed by the Commissioner of Income-tax (Appeals). However, the Appellate Tribunal allowed the assessee's appeal against the CIT(A) order, ruling that Section 14A does not apply if no exempt income was earned during the year. The Tribunal partially allowed the appeal, dismissing Ground No. 2. en-us Fri, 20 May 2016 00:00:00 +0530 Wed, 29 Mar 2017 06:27:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191289 The court disallowed the preliminary expenditure claimed by the assessee and upheld the disallowance of interest under Section 14A made by the Assessing Officer and confirmed by the Commissioner of Income-tax (Appeals). However, the Appellate Tribunal allowed the assessee's appeal against the CIT(A) order, ruling that Section 14A does not apply if no exempt income was earned during the year. The Tribunal partially allowed the appeal, dismissing Ground No. 2. Case-Laws Income Tax Fri, 20 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191289