https://www.taxtmi.com/caselaws?id=286662 The appeal was filed challenging the disallowance under section 14A of the Income Tax Act. The appellant argued that as no exempt income was earned, no expenditure should be incurred for earning exempt income. Citing relevant decisions, including the Hon'ble Delhi High Court and Tribunal rulings, it was contended that section 14A should not apply without exempt income. The court upheld the CIT(Appeals) order deleting the addition, emphasizing that disallowance under section 14A requires actual receipt of income not included in total income. The judgment clarifies the application of section 14A, ensuring fair treatment when no exempt income is earned. en-us Fri, 22 Dec 2017 00:00:00 +0530 Mon, 09 Mar 2020 07:41:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286662 The appeal was filed challenging the disallowance under section 14A of the Income Tax Act. The appellant argued that as no exempt income was earned, no expenditure should be incurred for earning exempt income. Citing relevant decisions, including the Hon'ble Delhi High Court and Tribunal rulings, it was contended that section 14A should not apply without exempt income. The court upheld the CIT(Appeals) order deleting the addition, emphasizing that disallowance under section 14A requires actual receipt of income not included in total income. The judgment clarifies the application of section 14A, ensuring fair treatment when no exempt income is earned. Case-Laws Income Tax Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286662