https://www.taxtmi.com/caselaws?id=411694 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the disallowance under section 14A r.w. Rule 8D due to the absence of exempt income earned by the assessee during the relevant year. The Tribunal found no infirmity in the CIT(A)'s decision and affirmed it based on judicial precedents, concluding that the disallowance made by the Assessing Officer was not sustainable without any exempt income being received. en-us Tue, 31 Aug 2021 00:00:00 +0530 Wed, 01 Sep 2021 08:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411694 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the disallowance under section 14A r.w. Rule 8D due to the absence of exempt income earned by the assessee during the relevant year. The Tribunal found no infirmity in the CIT(A)'s decision and affirmed it based on judicial precedents, concluding that the disallowance made by the Assessing Officer was not sustainable without any exempt income being received. Case-Laws Income Tax Tue, 31 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411694