https://www.taxtmi.com/caselaws?id=365842 The Appellate Tribunal upheld the CIT(A)'s decision to delete the disallowance made under Section 14A Rule 8D as there was no exempt income earned by the assessee. The Tribunal emphasized that Section 14A cannot be invoked in the absence of exempt income, in line with established legal principles and supported by relevant High Court decisions. The Revenue's appeal was dismissed, affirming that no disallowance could be made under Section 14A when no exempt income was earned. en-us Tue, 21 Aug 2018 00:00:00 +0530 Fri, 24 Aug 2018 02:14:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365842 The Appellate Tribunal upheld the CIT(A)'s decision to delete the disallowance made under Section 14A Rule 8D as there was no exempt income earned by the assessee. The Tribunal emphasized that Section 14A cannot be invoked in the absence of exempt income, in line with established legal principles and supported by relevant High Court decisions. The Revenue's appeal was dismissed, affirming that no disallowance could be made under Section 14A when no exempt income was earned. Case-Laws Income Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365842