https://www.taxtmi.com/caselaws?id=293838 The Tribunal ruled in favor of the assessee, allowing the appeal based on the disallowance under section 14A of the Income Tax Act. The decision emphasized that Section 14A cannot be invoked in the absence of exempt income, supported by relevant case law. The issue of interest under section 234B was considered consequential and was not separately addressed in the judgment. en-us Fri, 11 Sep 2015 00:00:00 +0530 Fri, 05 Mar 2021 09:38:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293838 The Tribunal ruled in favor of the assessee, allowing the appeal based on the disallowance under section 14A of the Income Tax Act. The decision emphasized that Section 14A cannot be invoked in the absence of exempt income, supported by relevant case law. The issue of interest under section 234B was considered consequential and was not separately addressed in the judgment. Case-Laws Income Tax Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293838