https://www.taxtmi.com/caselaws?id=191988 The HC upheld the Tribunal's decision that Section 14A disallowance does not apply where no exempt income is earned or receivable during the relevant year. The court found that the AO failed to establish any actual exempt income included in total income. Investments in sister concerns were not treated as income, and thus no expenditure disallowance under Section 14A was warranted. No substantial question of law arose. en-us Thu, 13 Oct 2016 00:00:00 +0530 Wed, 23 Jul 2025 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191988 The HC upheld the Tribunal's decision that Section 14A disallowance does not apply where no exempt income is earned or receivable during the relevant year. The court found that the AO failed to establish any actual exempt income included in total income. Investments in sister concerns were not treated as income, and thus no expenditure disallowance under Section 14A was warranted. No substantial question of law arose. Case-Laws Income Tax Thu, 13 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191988