https://www.taxtmi.com/caselaws?id=282322 The Tribunal set aside the order of the CIT(A) and deleted the additions made under section 14A of the Income Tax Act, ruling in favor of the appellant. The Tribunal found that since the appellant had not earned any exempted income, no disallowance under section 14A should be made. The decision emphasizes the necessity of exempt income for the applicability of disallowance under section 14A and the importance of citing relevant case laws to support arguments in tax disputes. en-us Fri, 31 Mar 2017 00:00:00 +0530 Sat, 03 Aug 2019 06:25:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282322 The Tribunal set aside the order of the CIT(A) and deleted the additions made under section 14A of the Income Tax Act, ruling in favor of the appellant. The Tribunal found that since the appellant had not earned any exempted income, no disallowance under section 14A should be made. The decision emphasizes the necessity of exempt income for the applicability of disallowance under section 14A and the importance of citing relevant case laws to support arguments in tax disputes. Case-Laws Income Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282322