https://www.taxtmi.com/caselaws?id=397317 The Tribunal dismissed the Department's appeal, upholding the deletion of the disallowance under Section 14A of the Income Tax Act, 1961 by the Ld. CIT(A). The decision was based on the absence of exempt income, following legal precedents and the principle that disallowance under Section 14A is not applicable without exempt income. The Tribunal emphasized this point and ruled in favor of the assessee, affirming the deletion of the disallowance. en-us Tue, 17 Mar 2020 00:00:00 +0530 Fri, 14 Aug 2020 09:55:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397317 The Tribunal dismissed the Department's appeal, upholding the deletion of the disallowance under Section 14A of the Income Tax Act, 1961 by the Ld. CIT(A). The decision was based on the absence of exempt income, following legal precedents and the principle that disallowance under Section 14A is not applicable without exempt income. The Tribunal emphasized this point and ruled in favor of the assessee, affirming the deletion of the disallowance. Case-Laws Income Tax Tue, 17 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397317