https://www.taxtmi.com/caselaws?id=381017 The Tribunal ordered the Assessing Officer to delete the disallowance made under section 14A of the Income Tax Act as the assessee did not earn any tax-exempt income during the year. The appeal was allowed, overturning the Commissioner of Income Tax (Appeals) decision, with the Tribunal emphasizing that the assessee's agreement to disallowance during assessment proceedings did not prevent them from challenging it on legal grounds. en-us Thu, 30 May 2019 00:00:00 +0530 Sat, 01 Jun 2019 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381017 The Tribunal ordered the Assessing Officer to delete the disallowance made under section 14A of the Income Tax Act as the assessee did not earn any tax-exempt income during the year. The appeal was allowed, overturning the Commissioner of Income Tax (Appeals) decision, with the Tribunal emphasizing that the assessee's agreement to disallowance during assessment proceedings did not prevent them from challenging it on legal grounds. Case-Laws Income Tax Thu, 30 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381017