https://www.taxtmi.com/caselaws?id=353773 The Appellate Tribunal dismissed the revenue's appeal against the deletion of an addition of Rs. 91,52,780 made by the Assessing Officer under section 14A read with Rule 8D of the Income Tax Act. The Tribunal upheld the decision of the Ld. CIT (A) that no disallowance could be made if there was no exempt income, citing previous High Court decisions. The appeal was dismissed, affirming that in the absence of exempt income, no disallowance under section 14A could be justified. en-us Wed, 29 Nov 2017 00:00:00 +0530 Thu, 11 Jan 2018 21:10:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353773 The Appellate Tribunal dismissed the revenue's appeal against the deletion of an addition of Rs. 91,52,780 made by the Assessing Officer under section 14A read with Rule 8D of the Income Tax Act. The Tribunal upheld the decision of the Ld. CIT (A) that no disallowance could be made if there was no exempt income, citing previous High Court decisions. The appeal was dismissed, affirming that in the absence of exempt income, no disallowance under section 14A could be justified. Case-Laws Income Tax Wed, 29 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353773