https://www.taxtmi.com/caselaws?id=369377 Disallowance under Section 14A read with Rule 8D cannot be sustained where the assessee has not earned or claimed any exempt income. The first appellate authority deleted the disallowance, relying on the Tribunal's earlier decision in the assessee's own case and the jurisdictional High Court's view that Section 14A does not apply in the absence of exempt income. The Revenue's challenge therefore failed. en-us Tue, 11 Sep 2018 00:00:00 +0530 Fri, 26 Oct 2018 06:23:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369377 Disallowance under Section 14A read with Rule 8D cannot be sustained where the assessee has not earned or claimed any exempt income. The first appellate authority deleted the disallowance, relying on the Tribunal's earlier decision in the assessee's own case and the jurisdictional High Court's view that Section 14A does not apply in the absence of exempt income. The Revenue's challenge therefore failed. Case-Laws Income Tax Tue, 11 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369377