https://www.taxtmi.com/caselaws?id=406222 The Tribunal dismissed the Revenue's appeals, upholding the Ld. CIT(A)'s decision that section 14A and Rule 8D were not applicable due to the absence of actual exempt income during the assessment years. The judgment emphasized the importance of factual evidence and legal interpretations in determining the validity of expense disallowances under tax laws. en-us Wed, 10 Mar 2021 00:00:00 +0530 Fri, 09 Apr 2021 07:57:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406222 The Tribunal dismissed the Revenue's appeals, upholding the Ld. CIT(A)'s decision that section 14A and Rule 8D were not applicable due to the absence of actual exempt income during the assessment years. The judgment emphasized the importance of factual evidence and legal interpretations in determining the validity of expense disallowances under tax laws. Case-Laws Income Tax Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406222