https://www.taxtmi.com/caselaws?id=366790 The Tribunal allowed the appeal, setting aside the lower authorities' orders and deleting the disallowance of Rs. 56,95,726 under section 14A r.w. Rule 8D of IT Rules, 1962. The Tribunal held that since the assessee did not earn any exempt income during the relevant year, the disallowance of expenditure under section 14A was not justified, following a Delhi High Court precedent. en-us Mon, 27 Aug 2018 00:00:00 +0530 Tue, 11 Sep 2018 08:11:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366790 The Tribunal allowed the appeal, setting aside the lower authorities' orders and deleting the disallowance of Rs. 56,95,726 under section 14A r.w. Rule 8D of IT Rules, 1962. The Tribunal held that since the assessee did not earn any exempt income during the relevant year, the disallowance of expenditure under section 14A was not justified, following a Delhi High Court precedent. Case-Laws Income Tax Mon, 27 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366790