https://www.taxtmi.com/caselaws?id=296178 The Tribunal ruled in favor of the appellant, M/s. Firepro Wireless & Technologies Pvt. Ltd., in a case challenging disallowance under section 14A of the Income-tax Act for assessment years 2009-10 & 2010-11. The Tribunal held that in the absence of dividend income, disallowance under section 14A was impermissible, citing a relevant High Court judgment. As a result, the disallowance of Rs. 1 lakh each for the assessment years 2009-10 & 2010-11 was deleted, and the appeals filed by the assessee were allowed. en-us Fri, 29 Nov 2019 00:00:00 +0530 Thu, 08 Jul 2021 08:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296178 The Tribunal ruled in favor of the appellant, M/s. Firepro Wireless & Technologies Pvt. Ltd., in a case challenging disallowance under section 14A of the Income-tax Act for assessment years 2009-10 & 2010-11. The Tribunal held that in the absence of dividend income, disallowance under section 14A was impermissible, citing a relevant High Court judgment. As a result, the disallowance of Rs. 1 lakh each for the assessment years 2009-10 & 2010-11 was deleted, and the appeals filed by the assessee were allowed. Case-Laws Income Tax Fri, 29 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296178