https://www.taxtmi.com/caselaws?id=279639 The High Court dismissed the Revenue's appeal against the ITAT's decision to set aside the disallowance under Section 14A of the Income Tax Act, 1961, amounting to Rs. 1,62,49,000. The court relied on the precedent set in Cheminvest Limited vs. Commissioner of Income Tax-VI, emphasizing that in the absence of exempt income, disallowance under Section 14A was not permissible. en-us Fri, 16 Feb 2018 00:00:00 +0530 Fri, 29 Mar 2019 05:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279639 The High Court dismissed the Revenue's appeal against the ITAT's decision to set aside the disallowance under Section 14A of the Income Tax Act, 1961, amounting to Rs. 1,62,49,000. The court relied on the precedent set in Cheminvest Limited vs. Commissioner of Income Tax-VI, emphasizing that in the absence of exempt income, disallowance under Section 14A was not permissible. Case-Laws Income Tax Fri, 16 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279639