https://www.taxtmi.com/caselaws?id=358627 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to delete the disallowance under Section 14A as the assessee had not earned any tax-free income during the relevant period. The Tribunal found that the investments were strategic and funded by the assessee's own resources, primarily engaged in trading activities. Citing precedent, the Tribunal held that no expenses could be attributed if no tax-free income was earned. Consequently, the appeal filed by the department was dismissed. en-us Wed, 04 Apr 2018 00:00:00 +0530 Mon, 16 Apr 2018 06:09:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358627 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to delete the disallowance under Section 14A as the assessee had not earned any tax-free income during the relevant period. The Tribunal found that the investments were strategic and funded by the assessee's own resources, primarily engaged in trading activities. Citing precedent, the Tribunal held that no expenses could be attributed if no tax-free income was earned. Consequently, the appeal filed by the department was dismissed. Case-Laws Income Tax Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358627