https://www.taxtmi.com/caselaws?id=354831 The Tribunal ruled in favor of the appellant, holding that disallowance under Section 14A of the Income Tax Act cannot be imposed in the absence of tax-exempt income. The Tribunal cited legal precedents and directed the Assessing Officer to delete the disallowance amount of Rs. 16,37,628. Consequently, the appeal was allowed, and the impugned disallowance was set aside. en-us Thu, 11 Jan 2018 00:00:00 +0530 Mon, 05 Feb 2018 09:02:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354831 The Tribunal ruled in favor of the appellant, holding that disallowance under Section 14A of the Income Tax Act cannot be imposed in the absence of tax-exempt income. The Tribunal cited legal precedents and directed the Assessing Officer to delete the disallowance amount of Rs. 16,37,628. Consequently, the appeal was allowed, and the impugned disallowance was set aside. Case-Laws Income Tax Thu, 11 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354831