https://www.taxtmi.com/highlights?id=54885 Disallowance u/s 14A - Whether there is no tax free income earned during the year ? - To attract the provisions of Section 14A of the Act, 1961, it is necessary that the assessee should have earned any exempt income. If the assessee has not earned an exempt income and has not claimed so in his return of income, then the provisions of Section 14A would not be applicable. - HC en-us Wed, 23 Sep 2020 11:29:36 +0530 Wed, 23 Sep 2020 11:29:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54885 Disallowance u/s 14A - Whether there is no tax free income earned during the year ? - To attract the provisions of Section 14A of the Act, 1961, it is necessary that the assessee should have earned any exempt income. If the assessee has not earned an exempt income and has not claimed so in his return of income, then the provisions of Section 14A would not be applicable. - HC Highlights Income Tax Wed, 23 Sep 2020 11:29:36 +0530 https://www.taxtmi.com/highlights?id=54885