https://www.taxtmi.com/caselaws?id=370534 The Court dismissed the appeal as it found no substantial question of law arising from the Tribunal's decision to delete the addition made under Section 14A read with Rule 8D and not considering the Supreme Court judgment in the case of Godrej and Boyce Ltd. The Court emphasized the legislative intent behind Section 14A to disallow expenses related to earning exempt income, even if no exempt income was earned during the financial year, in line with the Supreme Court's interpretation and previous rulings in favor of the assessee. en-us Tue, 31 Jul 2018 00:00:00 +0530 Mon, 19 Nov 2018 08:40:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370534 The Court dismissed the appeal as it found no substantial question of law arising from the Tribunal's decision to delete the addition made under Section 14A read with Rule 8D and not considering the Supreme Court judgment in the case of Godrej and Boyce Ltd. The Court emphasized the legislative intent behind Section 14A to disallow expenses related to earning exempt income, even if no exempt income was earned during the financial year, in line with the Supreme Court's interpretation and previous rulings in favor of the assessee. Case-Laws Income Tax Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370534