https://www.taxtmi.com/caselaws?id=374411 The ITAT Delhi allowed the appeal, ruling that the ex-parte order lacked proper opportunity and adjudication, the disallowance of expenses u/s 14A read with Rule 8D was unjustified due to no dividend income earned, and the orders confirming the disallowance were erroneous and not sustainable under the law. The Tribunal emphasized that section 14A is not applicable when no exempt income is earned and directed the deletion of the disallowance. en-us Fri, 14 Dec 2018 00:00:00 +0530 Wed, 15 May 2019 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374411 The ITAT Delhi allowed the appeal, ruling that the ex-parte order lacked proper opportunity and adjudication, the disallowance of expenses u/s 14A read with Rule 8D was unjustified due to no dividend income earned, and the orders confirming the disallowance were erroneous and not sustainable under the law. The Tribunal emphasized that section 14A is not applicable when no exempt income is earned and directed the deletion of the disallowance. Case-Laws Income Tax Fri, 14 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374411