https://www.taxtmi.com/caselaws?id=440105 The Appellate Tribunal ITAT Delhi ruled in favor of the assessee in a case concerning disallowance u/s 14A r.w.r 8D for an assessee with nil exempt income. Despite the Assessing Officer's disallowance of Rs 1,37,40,250, the Tribunal, following precedents and decisions of the Delhi High Court, directed the deletion of the disallowance as the assessee had no exempt income during the relevant year. The Tribunal emphasized that no disallowance should be made in the absence of exempt income, ultimately allowing the appeal of the assessee. en-us Fri, 07 Jul 2023 00:00:00 +0530 Mon, 10 Jul 2023 07:54:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440105 The Appellate Tribunal ITAT Delhi ruled in favor of the assessee in a case concerning disallowance u/s 14A r.w.r 8D for an assessee with nil exempt income. Despite the Assessing Officer's disallowance of Rs 1,37,40,250, the Tribunal, following precedents and decisions of the Delhi High Court, directed the deletion of the disallowance as the assessee had no exempt income during the relevant year. The Tribunal emphasized that no disallowance should be made in the absence of exempt income, ultimately allowing the appeal of the assessee. Case-Laws Income Tax Fri, 07 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440105