https://www.taxtmi.com/caselaws?id=381634 The High Court upheld the Tribunal's decision to reject the Revenue's appeal challenging the disallowance of expenditure under Section 14A of the Income Tax Act. The Court emphasized that disallowance under Rule 8D is not applicable if no exempt income was earned, aligning with precedents from various High Courts. As the Respondent had not earned any exempt income during the relevant period, the Court found no error in the Tribunal's order and dismissed the Revenue's appeal. en-us Tue, 04 Jun 2019 00:00:00 +0530 Fri, 14 Jun 2019 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381634 The High Court upheld the Tribunal's decision to reject the Revenue's appeal challenging the disallowance of expenditure under Section 14A of the Income Tax Act. The Court emphasized that disallowance under Rule 8D is not applicable if no exempt income was earned, aligning with precedents from various High Courts. As the Respondent had not earned any exempt income during the relevant period, the Court found no error in the Tribunal's order and dismissed the Revenue's appeal. Case-Laws Income Tax Tue, 04 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381634