https://www.taxtmi.com/caselaws?id=764105 ITAT PUNE dismissed Revenue's appeal regarding addition under Section 14A read with Rule 8D. The assessee had not received any exempt income during the relevant year. Following jurisdictional precedent, the Tribunal held that no addition was warranted under Section 14A read with Rule 8D in absence of exempt income. The CIT(A)'s order was upheld, confirming no disallowance of expenditure was required when no exempt income was earned by the assessee. en-us Mon, 30 Dec 2024 00:00:00 +0530 Thu, 02 Jan 2025 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764105 ITAT PUNE dismissed Revenue's appeal regarding addition under Section 14A read with Rule 8D. The assessee had not received any exempt income during the relevant year. Following jurisdictional precedent, the Tribunal held that no addition was warranted under Section 14A read with Rule 8D in absence of exempt income. The CIT(A)'s order was upheld, confirming no disallowance of expenditure was required when no exempt income was earned by the assessee. Case-Laws Income Tax Mon, 30 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764105