https://www.taxtmi.com/caselaws?id=284636 The revenue's appeal against the order of the Ld. Commissioner of Income Tax (Appeals) for Assessment Year 2013-14 was dismissed by the Tribunal on May 31, 2018. The Tribunal upheld the Ld. CIT (Appeals) decision to delete the addition made under Section 14A of the Income Tax Act, 1961, as no exempt income was received during the year. It was held that Section 14A disallowance cannot be applied in the absence of exempt income, in line with the precedent set by the ITAT Special Bench in ACIT Vs. Progressive Constructions Ltd. en-us Thu, 31 May 2018 00:00:00 +0530 Sat, 30 Nov 2019 15:52:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284636 The revenue's appeal against the order of the Ld. Commissioner of Income Tax (Appeals) for Assessment Year 2013-14 was dismissed by the Tribunal on May 31, 2018. The Tribunal upheld the Ld. CIT (Appeals) decision to delete the addition made under Section 14A of the Income Tax Act, 1961, as no exempt income was received during the year. It was held that Section 14A disallowance cannot be applied in the absence of exempt income, in line with the precedent set by the ITAT Special Bench in ACIT Vs. Progressive Constructions Ltd. Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284636