https://www.taxtmi.com/caselaws?id=352535 The Tribunal dismissed the revenue's appeal against the deletion of Section 14A disallowance for AY 2012-13, amounting to Rs. 30,58,921/-, as there was no exempt income earned by the assessee during the relevant year. Relying on legal principles and precedents, including a judgment by the Hon'ble Delhi High Court, the Tribunal emphasized that no disallowance under Section 14A is warranted in the absence of exempt income. The Tribunal highlighted the legislative intent behind Section 14A and ruled in favor of the assessee, upholding the deletion of the disallowance. en-us Wed, 13 Dec 2017 00:00:00 +0530 Sat, 16 Dec 2017 10:33:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352535 The Tribunal dismissed the revenue's appeal against the deletion of Section 14A disallowance for AY 2012-13, amounting to Rs. 30,58,921/-, as there was no exempt income earned by the assessee during the relevant year. Relying on legal principles and precedents, including a judgment by the Hon'ble Delhi High Court, the Tribunal emphasized that no disallowance under Section 14A is warranted in the absence of exempt income. The Tribunal highlighted the legislative intent behind Section 14A and ruled in favor of the assessee, upholding the deletion of the disallowance. Case-Laws Income Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352535