https://www.taxtmi.com/caselaws?id=290370 The ITAT Mumbai upheld the decision of the first appellate authority and dismissed the revenue's appeal challenging the deletion of disallowance under section 14A for Assessment Year 2014-15. The appellate authority found that as no exempt income was earned by the corporate assessee and no contradictory evidence was presented, the disallowance was not justified. The ITAT Mumbai's decision was in line with established legal precedents from various high courts and the Supreme Court. en-us Tue, 20 Aug 2019 00:00:00 +0530 Tue, 22 Sep 2020 19:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290370 The ITAT Mumbai upheld the decision of the first appellate authority and dismissed the revenue's appeal challenging the deletion of disallowance under section 14A for Assessment Year 2014-15. The appellate authority found that as no exempt income was earned by the corporate assessee and no contradictory evidence was presented, the disallowance was not justified. The ITAT Mumbai's decision was in line with established legal precedents from various high courts and the Supreme Court. Case-Laws Income Tax Tue, 20 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290370