https://www.taxtmi.com/caselaws?id=384464 The High Court dismissed the Tax Appeal, upholding the decision of the Appellate Tribunal and the CIT(A) to delete the disallowance under Section 14A of the Income Tax Act, 1961. The Court emphasized that Section 14A cannot be invoked if no exempt income was earned by the assessee, as expenses related to earning tax-free income would not be allowed. The judgment found no substantial question of law and affirmed the lower authorities' decisions. en-us Mon, 05 Aug 2019 00:00:00 +0530 Tue, 13 Aug 2019 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384464 The High Court dismissed the Tax Appeal, upholding the decision of the Appellate Tribunal and the CIT(A) to delete the disallowance under Section 14A of the Income Tax Act, 1961. The Court emphasized that Section 14A cannot be invoked if no exempt income was earned by the assessee, as expenses related to earning tax-free income would not be allowed. The judgment found no substantial question of law and affirmed the lower authorities' decisions. Case-Laws Income Tax Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384464