https://www.taxtmi.com/caselaws?id=756927 The ITAT Mumbai allowed the assessee's appeal, overturning the AO's disallowance of Rs. 26.83 lakhs under section 14A of the Income Tax Act, 1961. The Tribunal instructed the AO to remove the disallowance, as the assessee had not earned any exempt income in the relevant year, referencing a Delhi HC decision. en-us Fri, 09 Aug 2024 00:00:00 +0530 Mon, 12 Aug 2024 08:26:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756927 The ITAT Mumbai allowed the assessee's appeal, overturning the AO's disallowance of Rs. 26.83 lakhs under section 14A of the Income Tax Act, 1961. The Tribunal instructed the AO to remove the disallowance, as the assessee had not earned any exempt income in the relevant year, referencing a Delhi HC decision. Case-Laws Income Tax Fri, 09 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756927