https://www.taxtmi.com/caselaws?id=383855 The Appellate Tribunal ITAT Mumbai upheld the CIT(A)'s decision to delete the addition raised under Section 14A r.w.s. 8D of the Income Tax Act, 1961. The Tribunal ruled in favor of the assessee, stating that since no exempt income was earned during the relevant assessment year, no disallowance was required under Section 14A. The Tribunal found the CIT(A)'s decision to be legally sound and justifiable, dismissing the revenue's appeal and affirming the deletion of the addition. en-us Thu, 25 Jul 2019 00:00:00 +0530 Thu, 01 Aug 2019 06:26:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383855 The Appellate Tribunal ITAT Mumbai upheld the CIT(A)'s decision to delete the addition raised under Section 14A r.w.s. 8D of the Income Tax Act, 1961. The Tribunal ruled in favor of the assessee, stating that since no exempt income was earned during the relevant assessment year, no disallowance was required under Section 14A. The Tribunal found the CIT(A)'s decision to be legally sound and justifiable, dismissing the revenue's appeal and affirming the deletion of the addition. Case-Laws Income Tax Thu, 25 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383855