https://www.taxtmi.com/caselaws?id=408389 The ITAT upheld the CIT(A) decisions to delete the disallowance under section 14A for the assessment years 2015-16 and 2016-17 due to the absence of exempt income. The appeals filed by the revenue were dismissed as disallowance under section 14A was deemed impermissible without actual exempt income, following established legal interpretations and precedents. en-us Wed, 02 Jun 2021 00:00:00 +0530 Wed, 09 Jun 2021 09:25:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408389 The ITAT upheld the CIT(A) decisions to delete the disallowance under section 14A for the assessment years 2015-16 and 2016-17 due to the absence of exempt income. The appeals filed by the revenue were dismissed as disallowance under section 14A was deemed impermissible without actual exempt income, following established legal interpretations and precedents. Case-Laws Income Tax Wed, 02 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408389