https://www.taxtmi.com/caselaws?id=445455 The court condoned the delay in filing and re-filing the appeal, accepting the reasons provided. The appeal concerning disallowance under Section 14A of the Income Tax Act, 1961, read with Rule 8D, was dismissed as the respondent had not earned any exempt income during the relevant period. The court referred to established judgments, confirming that no substantial question of law arose. It was reiterated that Section 14A could not be applied without exempt income, and the retrospective effect of the Finance Act, 2022, had been previously addressed. The appeal was closed with no substantial legal question identified. en-us Fri, 13 Oct 2023 00:00:00 +0530 Tue, 07 Nov 2023 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445455 The court condoned the delay in filing and re-filing the appeal, accepting the reasons provided. The appeal concerning disallowance under Section 14A of the Income Tax Act, 1961, read with Rule 8D, was dismissed as the respondent had not earned any exempt income during the relevant period. The court referred to established judgments, confirming that no substantial question of law arose. It was reiterated that Section 14A could not be applied without exempt income, and the retrospective effect of the Finance Act, 2022, had been previously addressed. The appeal was closed with no substantial legal question identified. Case-Laws Income Tax Fri, 13 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445455