https://www.taxtmi.com/caselaws?id=379085 The Tribunal upheld the Ld. CIT(A)'s decision that no disallowance u/s 14A could be made if no exempt income was earned. As the assessee did not earn any exempt income from dividends, the appeal by the Revenue challenging the disallowance under Rule 8D was dismissed. The Tribunal emphasized the importance of considering the nature of investments and relevant precedents in determining disallowances under specific clauses of the law. en-us Wed, 24 Apr 2019 00:00:00 +0530 Sat, 27 Apr 2019 06:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379085 The Tribunal upheld the Ld. CIT(A)'s decision that no disallowance u/s 14A could be made if no exempt income was earned. As the assessee did not earn any exempt income from dividends, the appeal by the Revenue challenging the disallowance under Rule 8D was dismissed. The Tribunal emphasized the importance of considering the nature of investments and relevant precedents in determining disallowances under specific clauses of the law. Case-Laws Income Tax Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379085