https://www.taxtmi.com/caselaws?id=275481 The Tribunal allowed the appeal by the assessee, emphasizing that in the absence of any exempt income, no disallowance under Section 14A of the Income-tax Act, 1961 could be justified. The decision, pronounced on 19th June 2015, serves as a significant precedent for similar cases where disallowance was made without corresponding exempt income earned during the relevant assessment year. en-us Fri, 19 Jun 2015 00:00:00 +0530 Fri, 05 Oct 2018 07:33:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275481 The Tribunal allowed the appeal by the assessee, emphasizing that in the absence of any exempt income, no disallowance under Section 14A of the Income-tax Act, 1961 could be justified. The decision, pronounced on 19th June 2015, serves as a significant precedent for similar cases where disallowance was made without corresponding exempt income earned during the relevant assessment year. Case-Laws Income Tax Fri, 19 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275481