https://www.taxtmi.com/caselaws?id=356273 The Tribunal quashed the CIT's order under Section 263, allowing the appeal filed by the assessee. It was held that in the absence of exempt income, no disallowance under Section 14A was warranted, and the AO's original assessment was not erroneous or prejudicial to the interest of revenue. The appeal was allowed, and the order was pronounced in the open court on 30.11.2017. en-us Thu, 30 Nov 2017 00:00:00 +0530 Wed, 28 Feb 2018 06:31:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356273 The Tribunal quashed the CIT's order under Section 263, allowing the appeal filed by the assessee. It was held that in the absence of exempt income, no disallowance under Section 14A was warranted, and the AO's original assessment was not erroneous or prejudicial to the interest of revenue. The appeal was allowed, and the order was pronounced in the open court on 30.11.2017. Case-Laws Income Tax Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356273