https://www.taxtmi.com/caselaws?id=385634 The Tribunal dismissed both appeals filed by the Revenue, upholding the CIT(A)'s decisions regarding the disallowance under section 14A of the Income Tax Act, 1961 for assessment years 2013-14 & 2014-15. It was held that no disallowance under section 14A r.w. Rule 8D can be made when no exempt income is earned. The Tribunal also affirmed the exclusion of disallowance under section 14A for calculating Minimum Alternate Tax (MAT) under section 115JB of the Act, based on previous decisions and the Delhi Special Bench's findings. en-us Wed, 26 Jun 2019 00:00:00 +0530 Tue, 10 Sep 2019 06:05:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385634 The Tribunal dismissed both appeals filed by the Revenue, upholding the CIT(A)'s decisions regarding the disallowance under section 14A of the Income Tax Act, 1961 for assessment years 2013-14 & 2014-15. It was held that no disallowance under section 14A r.w. Rule 8D can be made when no exempt income is earned. The Tribunal also affirmed the exclusion of disallowance under section 14A for calculating Minimum Alternate Tax (MAT) under section 115JB of the Act, based on previous decisions and the Delhi Special Bench's findings. Case-Laws Income Tax Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385634