https://www.taxtmi.com/caselaws?id=362634 The Tribunal dismissed the appeal by the Revenue and the Cross Objections by the assessee, affirming the CIT(A)'s order regarding the disallowance under sec. 14A r.w.rule 8D due to the absence of exempt income during the assessment year. The Tribunal held that unless there is actual receipt of exempt income, section 14A should not be invoked, emphasizing that no disallowance can be made in a year without exempt income. en-us Wed, 27 Jun 2018 00:00:00 +0530 Fri, 29 Jun 2018 07:17:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362634 The Tribunal dismissed the appeal by the Revenue and the Cross Objections by the assessee, affirming the CIT(A)'s order regarding the disallowance under sec. 14A r.w.rule 8D due to the absence of exempt income during the assessment year. The Tribunal held that unless there is actual receipt of exempt income, section 14A should not be invoked, emphasizing that no disallowance can be made in a year without exempt income. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362634