https://www.taxtmi.com/caselaws?id=348073 The ITAT upheld the CIT(A)'s decision to delete the disallowance under section 14A of the Income Tax Act for the assessment year 2012-13 due to the absence of exempt income earned by the assessee. The judgments of the Hon'ble Madras High Court and the Hon'ble Delhi High Court supported the position that disallowance is not warranted when no exempt income is earned, thereby dismissing the Revenue's appeal. en-us Wed, 23 Aug 2017 00:00:00 +0530 Sat, 16 Sep 2017 08:08:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348073 The ITAT upheld the CIT(A)'s decision to delete the disallowance under section 14A of the Income Tax Act for the assessment year 2012-13 due to the absence of exempt income earned by the assessee. The judgments of the Hon'ble Madras High Court and the Hon'ble Delhi High Court supported the position that disallowance is not warranted when no exempt income is earned, thereby dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 23 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348073