https://www.taxtmi.com/caselaws?id=361999 The Tribunal dismissed the Revenue's appeal, affirming that no disallowance under Section 14A was justified due to the absence of dividend income. Additionally, the Tribunal upheld the deletion of the addition under Section 37(1) as the entire expenditure was deemed revenue in nature and allowed in the year it was incurred. The general ground of appeal was not adjudicated as it was considered general in nature. The Tribunal's decision to delete the disallowances under Sections 14A and 37(1) of the Income Tax Act was upheld. en-us Tue, 12 Jun 2018 00:00:00 +0530 Sat, 16 Jun 2018 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361999 The Tribunal dismissed the Revenue's appeal, affirming that no disallowance under Section 14A was justified due to the absence of dividend income. Additionally, the Tribunal upheld the deletion of the addition under Section 37(1) as the entire expenditure was deemed revenue in nature and allowed in the year it was incurred. The general ground of appeal was not adjudicated as it was considered general in nature. The Tribunal's decision to delete the disallowances under Sections 14A and 37(1) of the Income Tax Act was upheld. Case-Laws Income Tax Tue, 12 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361999