https://www.taxtmi.com/caselaws?id=274598 The Tribunal dismissed the revenue's appeal against the CIT(A) order, emphasizing that section 14A does not apply when no exempt income is earned. Relying on legal precedents, including a judgment of the Hon'ble Delhi High Court, the Tribunal clarified that the absence of exempt income precludes the disallowance of expenditure under section 14A. The decision underscored the necessity of actual receipt of income not included in the total income for invoking section 14A, ultimately upholding the CIT(A) order and denying the revenue's appeal. en-us Fri, 10 Nov 2017 00:00:00 +0530 Fri, 24 Aug 2018 02:11:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274598 The Tribunal dismissed the revenue's appeal against the CIT(A) order, emphasizing that section 14A does not apply when no exempt income is earned. Relying on legal precedents, including a judgment of the Hon'ble Delhi High Court, the Tribunal clarified that the absence of exempt income precludes the disallowance of expenditure under section 14A. The decision underscored the necessity of actual receipt of income not included in the total income for invoking section 14A, ultimately upholding the CIT(A) order and denying the revenue's appeal. Case-Laws Income Tax Fri, 10 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274598