https://www.taxtmi.com/caselaws?id=411467 The Revenue's appeals against the Commissioner of Income Tax's orders for A.Y. 2013-14 & 2014-15, challenging the disallowance u/s 14A r.w.r 8D of the Act, were dismissed by ITAT. The CIT(A) deleted the disallowance based on the absence of exempt income, a key factor in applying the provision. The ITAT upheld the CIT(A)'s decision, noting the lack of contrary binding precedents from the Revenue. Consequently, both appeals were dismissed, emphasizing the importance of exempt income presence in determining disallowance applicability. en-us Wed, 25 Aug 2021 00:00:00 +0530 Thu, 26 Aug 2021 08:48:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411467 The Revenue's appeals against the Commissioner of Income Tax's orders for A.Y. 2013-14 & 2014-15, challenging the disallowance u/s 14A r.w.r 8D of the Act, were dismissed by ITAT. The CIT(A) deleted the disallowance based on the absence of exempt income, a key factor in applying the provision. The ITAT upheld the CIT(A)'s decision, noting the lack of contrary binding precedents from the Revenue. Consequently, both appeals were dismissed, emphasizing the importance of exempt income presence in determining disallowance applicability. Case-Laws Income Tax Wed, 25 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411467