https://www.taxtmi.com/caselaws?id=361622 The court allowed the appeal in favor of the assessee, holding that in the absence of exempt income, the provisions of Section 14A cannot be applied. The court emphasized the requirement of actual exempt income for disallowance under Section 14A, dismissing the Assessing Officer's addition and the Commissioner of Income Tax (Appeals)'s confirmation of the same. The judgment rendered the other grounds of appeal academic and unnecessary to adjudicate. en-us Fri, 08 Jun 2018 00:00:00 +0530 Mon, 11 Jun 2018 07:32:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361622 The court allowed the appeal in favor of the assessee, holding that in the absence of exempt income, the provisions of Section 14A cannot be applied. The court emphasized the requirement of actual exempt income for disallowance under Section 14A, dismissing the Assessing Officer's addition and the Commissioner of Income Tax (Appeals)'s confirmation of the same. The judgment rendered the other grounds of appeal academic and unnecessary to adjudicate. Case-Laws Income Tax Fri, 08 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361622