https://www.taxtmi.com/caselaws?id=424468 The Tribunal dismissed the Assessing Officer's appeal and allowed the assessee's appeal regarding disallowance under section 14A for expenses incurred to earn tax-exempt income. The Tribunal ruled in favor of the assessee, deleting the disallowance amount of Rs. 9,87,978 as no tax-exempt income was earned during the relevant year. The decision was based on legal precedents and the absence of exempt income, leading to the conclusion that no disallowance under section 14A was warranted. en-us Wed, 29 Jun 2022 00:00:00 +0530 Mon, 11 May 2026 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424468 The Tribunal dismissed the Assessing Officer's appeal and allowed the assessee's appeal regarding disallowance under section 14A for expenses incurred to earn tax-exempt income. The Tribunal ruled in favor of the assessee, deleting the disallowance amount of Rs. 9,87,978 as no tax-exempt income was earned during the relevant year. The decision was based on legal precedents and the absence of exempt income, leading to the conclusion that no disallowance under section 14A was warranted. Case-Laws Income Tax Wed, 29 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424468