https://www.taxtmi.com/caselaws?id=762925 The ITAT Delhi ruled in favor of the assessee, overturning the PCIT's order for the assessment year 2019-20. The decision was based on the absence of inquiry regarding disallowance under section 14A. The ITAT concluded that the Explanation to section 14A is inapplicable if no exempt income is earned, allowing the appeal. en-us Fri, 06 Dec 2024 00:00:00 +0530 Mon, 09 Dec 2024 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762925 The ITAT Delhi ruled in favor of the assessee, overturning the PCIT's order for the assessment year 2019-20. The decision was based on the absence of inquiry regarding disallowance under section 14A. The ITAT concluded that the Explanation to section 14A is inapplicable if no exempt income is earned, allowing the appeal. Case-Laws Income Tax Fri, 06 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762925