https://www.taxtmi.com/caselaws?id=288255 The High Court upheld the principle that if no tax-free income was earned during the relevant year, no disallowance should be made under Section 14A of the Income Tax Act. The Court relied on precedents and ruled in line with the Delhi High Court's decision in a similar case. Consequently, the Court dismissed the Income Tax Appeal challenging the Tribunal's decision, affirming that no fault was found in deleting the disallowance under Section 14A. en-us Tue, 11 Jun 2019 00:00:00 +0530 Thu, 28 May 2020 10:43:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288255 The High Court upheld the principle that if no tax-free income was earned during the relevant year, no disallowance should be made under Section 14A of the Income Tax Act. The Court relied on precedents and ruled in line with the Delhi High Court's decision in a similar case. Consequently, the Court dismissed the Income Tax Appeal challenging the Tribunal's decision, affirming that no fault was found in deleting the disallowance under Section 14A. Case-Laws Income Tax Tue, 11 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288255