https://www.taxtmi.com/caselaws?id=350920 The tribunal partly allowed the appeal, restricting the disallowance under Section 14A to Rs. 5 lakhs. The additional disallowance confirmed by the CIT(A) was deleted. The tribunal emphasized that no disallowance under Section 14A is warranted if no exempt income is earned, citing relevant court decisions and the absence of exempt income in the current assessment year. en-us Mon, 13 Nov 2017 00:00:00 +0530 Wed, 15 Nov 2017 10:01:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350920 The tribunal partly allowed the appeal, restricting the disallowance under Section 14A to Rs. 5 lakhs. The additional disallowance confirmed by the CIT(A) was deleted. The tribunal emphasized that no disallowance under Section 14A is warranted if no exempt income is earned, citing relevant court decisions and the absence of exempt income in the current assessment year. Case-Laws Income Tax Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350920