https://www.taxtmi.com/caselaws?id=285864 The Tribunal upheld the CIT (A)'s decision to delete the disallowance of expenses related to exempted income under Section 14A of the Income Tax Act, 1961. The Tribunal emphasized that in the absence of exempt income, no disallowance can be made under Section 14A, citing various High Court decisions supporting this interpretation. The Revenue's appeal was dismissed, confirming the order of the CIT (A). The judgment was pronounced on 18-10-2016 by the Tribunal. en-us Tue, 18 Oct 2016 00:00:00 +0530 Fri, 31 Jan 2020 07:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285864 The Tribunal upheld the CIT (A)'s decision to delete the disallowance of expenses related to exempted income under Section 14A of the Income Tax Act, 1961. The Tribunal emphasized that in the absence of exempt income, no disallowance can be made under Section 14A, citing various High Court decisions supporting this interpretation. The Revenue's appeal was dismissed, confirming the order of the CIT (A). The judgment was pronounced on 18-10-2016 by the Tribunal. Case-Laws Income Tax Tue, 18 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285864