https://www.taxtmi.com/caselaws?id=308304 The Tribunal dismissed the Revenue's appeal challenging the deletion of disallowance under Section 14A for Assessment Year 2014-15. The CIT(A) held that no disallowance can be made without a nexus between exempt income and expenditure. As no exempt income was claimed by the assessee, the Tribunal upheld the deletion of disallowance, citing the principle from Cheminvest Ltd. vs. CIT. The decision was rendered in a Virtual Hearing on 27th September 2021. en-us Mon, 27 Sep 2021 00:00:00 +0530 Wed, 14 Jun 2023 21:50:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308304 The Tribunal dismissed the Revenue's appeal challenging the deletion of disallowance under Section 14A for Assessment Year 2014-15. The CIT(A) held that no disallowance can be made without a nexus between exempt income and expenditure. As no exempt income was claimed by the assessee, the Tribunal upheld the deletion of disallowance, citing the principle from Cheminvest Ltd. vs. CIT. The decision was rendered in a Virtual Hearing on 27th September 2021. Case-Laws Income Tax Mon, 27 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308304