https://www.taxtmi.com/caselaws?id=381510 The ITAT upheld the Ld. CIT(A)'s decisions in both issues, dismissing the Revenue's appeal in its entirety. Regarding disallowance under section 14A, it was ruled that since no exempt income was earned, no disallowance under section 14A was permissible. Concerning the disallowance on the purchase of tenancy right, the payment was considered a revenue expenditure as the assessee benefited from using the premises without acquiring a capital asset. en-us Thu, 09 May 2019 00:00:00 +0530 Thu, 13 Jun 2019 06:42:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381510 The ITAT upheld the Ld. CIT(A)'s decisions in both issues, dismissing the Revenue's appeal in its entirety. Regarding disallowance under section 14A, it was ruled that since no exempt income was earned, no disallowance under section 14A was permissible. Concerning the disallowance on the purchase of tenancy right, the payment was considered a revenue expenditure as the assessee benefited from using the premises without acquiring a capital asset. Case-Laws Income Tax Thu, 09 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381510