https://www.taxtmi.com/caselaws?id=293840 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to restrict the disallowance under Sec.14A to the exempt income claimed by the assessee. It affirmed that Sec.14A with Rule 8D cannot be applied without exempt income, dismissing the Revenue's appeals based on the precedent set by the Hon'ble Delhi High Court. The order was pronounced on December 21, 2017, in Chennai. en-us Thu, 21 Dec 2017 00:00:00 +0530 Fri, 05 Mar 2021 09:38:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293840 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to restrict the disallowance under Sec.14A to the exempt income claimed by the assessee. It affirmed that Sec.14A with Rule 8D cannot be applied without exempt income, dismissing the Revenue's appeals based on the precedent set by the Hon'ble Delhi High Court. The order was pronounced on December 21, 2017, in Chennai. Case-Laws Income Tax Thu, 21 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293840