https://www.taxtmi.com/caselaws?id=352792 The Tribunal dismissed the Revenue's appeal, confirming the CIT(A)'s order to delete the addition of Rs. 97,09,947/- made under Section 14A of the Income Tax Act, 1961. The Tribunal held that disallowance under Section 14A is not applicable in the absence of exempt income, aligning with judicial precedents established by the Delhi and Bombay High Courts. The appeal was dismissed, and the order was pronounced on 19.12.2017. en-us Tue, 19 Dec 2017 00:00:00 +0530 Thu, 21 Dec 2017 08:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352792 The Tribunal dismissed the Revenue's appeal, confirming the CIT(A)'s order to delete the addition of Rs. 97,09,947/- made under Section 14A of the Income Tax Act, 1961. The Tribunal held that disallowance under Section 14A is not applicable in the absence of exempt income, aligning with judicial precedents established by the Delhi and Bombay High Courts. The appeal was dismissed, and the order was pronounced on 19.12.2017. Case-Laws Income Tax Tue, 19 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352792