https://www.taxtmi.com/caselaws?id=392288 The Court dismissed the appeal challenging the deletion of disallowance under Section 14A of the Income Tax Act for investments in group companies. Relying on previous decisions, the Court emphasized that disallowance under Section 14A was not permissible in the absence of exempt income. The Court highlighted the need to consider the nature of income, whether tax-exempt or not, in determining the applicability of Section 14A. The appeal was dismissed, and no costs were awarded, maintaining consistency with established legal interpretations and precedents. en-us Tue, 11 Feb 2020 00:00:00 +0530 Mon, 17 Feb 2020 09:08:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392288 The Court dismissed the appeal challenging the deletion of disallowance under Section 14A of the Income Tax Act for investments in group companies. Relying on previous decisions, the Court emphasized that disallowance under Section 14A was not permissible in the absence of exempt income. The Court highlighted the need to consider the nature of income, whether tax-exempt or not, in determining the applicability of Section 14A. The appeal was dismissed, and no costs were awarded, maintaining consistency with established legal interpretations and precedents. Case-Laws Income Tax Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392288