https://www.taxtmi.com/caselaws?id=464403 ITAT, DELHI (AT) held that disallowance under section 14A could not be invoked where no exempt income was earned in the relevant assessment year. Applying the principle that Rule 8D/section 14A is inapplicable absent exempt income, the tribunal dismissed the Revenue's appeal and upheld that no disallowance was warranted. en-us Mon, 25 Oct 2021 00:00:00 +0530 Tue, 28 Oct 2025 19:16:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464403 ITAT, DELHI (AT) held that disallowance under section 14A could not be invoked where no exempt income was earned in the relevant assessment year. Applying the principle that Rule 8D/section 14A is inapplicable absent exempt income, the tribunal dismissed the Revenue's appeal and upheld that no disallowance was warranted. Case-Laws Income Tax Mon, 25 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464403