https://www.taxtmi.com/caselaws?id=414146 The ITAT allowed all three appeals by the assessee concerning disallowance under Section 14A r.w. Rule 8D for A.Y. 2012-13 and A.Y. 2014-15. In A.Y. 2012-13, the ITAT held that the addition made in the assessment was not sustainable as it was a double addition without new incriminating material. For A.Y. 2014-15, relying on precedent, the ITAT deleted the disallowance as no exempt income was derived. The appeals were allowed, and the judgment was pronounced on 22nd October 2021. en-us Fri, 22 Oct 2021 00:00:00 +0530 Thu, 28 Oct 2021 09:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414146 The ITAT allowed all three appeals by the assessee concerning disallowance under Section 14A r.w. Rule 8D for A.Y. 2012-13 and A.Y. 2014-15. In A.Y. 2012-13, the ITAT held that the addition made in the assessment was not sustainable as it was a double addition without new incriminating material. For A.Y. 2014-15, relying on precedent, the ITAT deleted the disallowance as no exempt income was derived. The appeals were allowed, and the judgment was pronounced on 22nd October 2021. Case-Laws Income Tax Fri, 22 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414146