https://www.taxtmi.com/caselaws?id=294602 The Tribunal allowed the appellant's appeal, deleting the disallowance of Rs. 6,11,21,496 under Section 14A of the Income Tax Act, 1961 for Assessment Year 2013-14. The Tribunal ruled that since the appellant had not earned any exempt income during the relevant year, no disallowance could be made under Section 14A r.w. Rule 8D, aligning with decisions from the High Courts of Delhi and Madras. Therefore, the disallowance made by the Assessing Officer was deemed unjustified and was deleted. en-us Tue, 27 Nov 2018 00:00:00 +0530 Fri, 23 Apr 2021 21:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294602 The Tribunal allowed the appellant's appeal, deleting the disallowance of Rs. 6,11,21,496 under Section 14A of the Income Tax Act, 1961 for Assessment Year 2013-14. The Tribunal ruled that since the appellant had not earned any exempt income during the relevant year, no disallowance could be made under Section 14A r.w. Rule 8D, aligning with decisions from the High Courts of Delhi and Madras. Therefore, the disallowance made by the Assessing Officer was deemed unjustified and was deleted. Case-Laws Income Tax Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294602