https://www.taxtmi.com/caselaws?id=379590 The Tribunal ruled in favor of the assessee, emphasizing that disallowance under section 14A cannot be made when no exempt income is earned. The judgment highlighted the primacy of judicial decisions over administrative circulars in interpreting tax laws, leading to the deletion of the disallowance in this case. en-us Fri, 03 May 2019 00:00:00 +0530 Sat, 04 May 2019 06:33:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379590 The Tribunal ruled in favor of the assessee, emphasizing that disallowance under section 14A cannot be made when no exempt income is earned. The judgment highlighted the primacy of judicial decisions over administrative circulars in interpreting tax laws, leading to the deletion of the disallowance in this case. Case-Laws Income Tax Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379590