https://www.taxtmi.com/caselaws?id=364243 Disallowance under section 14A read with Rule 8D cannot be sustained where no exempt income is earned, so the related addition was deleted. Clauses (e) and (f) of section 80-IB(10), inserted with effect from 01.04.2010, were treated as prospective; accordingly, pre-2010 allotments of residential units could not be denied deduction merely because multiple flats were allotted to the same or related persons, and the deduction was allowable. Employees' contribution to provident fund paid before the due date for filing the return under section 139(1) was also held allowable, so the corresponding disallowance was deleted. en-us Fri, 20 Jul 2018 00:00:00 +0530 Tue, 24 Jul 2018 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364243 Disallowance under section 14A read with Rule 8D cannot be sustained where no exempt income is earned, so the related addition was deleted. Clauses (e) and (f) of section 80-IB(10), inserted with effect from 01.04.2010, were treated as prospective; accordingly, pre-2010 allotments of residential units could not be denied deduction merely because multiple flats were allotted to the same or related persons, and the deduction was allowable. Employees' contribution to provident fund paid before the due date for filing the return under section 139(1) was also held allowable, so the corresponding disallowance was deleted. Case-Laws Income Tax Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364243