https://www.taxtmi.com/caselaws?id=778954 ITAT held that disallowance under section 14A read with Rule 8D was not sustainable where the Revenue admitted the assessee had not earned any exempt income (no dividend) in the relevant FY; once absence of exempt income was established, the disallowance could not be imposed. Decision in favor of the assessee. en-us Thu, 18 Sep 2025 00:00:00 +0530 Thu, 25 Sep 2025 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778954 ITAT held that disallowance under section 14A read with Rule 8D was not sustainable where the Revenue admitted the assessee had not earned any exempt income (no dividend) in the relevant FY; once absence of exempt income was established, the disallowance could not be imposed. Decision in favor of the assessee. Case-Laws Income Tax Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778954