https://www.taxtmi.com/caselaws?id=368015 The Tribunal allowed the appeal, ruling that no disallowance under Section 14A was justified as the assessee had not earned any exempt income. Additionally, the Tribunal deemed the revised return filed under Section 139(5) as valid, emphasizing the bona fide belief of the assessee in revising the return based on judicial interpretations. The orders of the lower authorities were set aside, and the appeal of the assessee was upheld. en-us Wed, 26 Sep 2018 00:00:00 +0530 Sat, 29 Sep 2018 06:48:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368015 The Tribunal allowed the appeal, ruling that no disallowance under Section 14A was justified as the assessee had not earned any exempt income. Additionally, the Tribunal deemed the revised return filed under Section 139(5) as valid, emphasizing the bona fide belief of the assessee in revising the return based on judicial interpretations. The orders of the lower authorities were set aside, and the appeal of the assessee was upheld. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368015