https://www.taxtmi.com/caselaws?id=780808 ITAT Ahmedabad allowed the taxpayer's appeal under s.14A, finding no disallowance was warranted because the taxpayer did not incur any cost in acquiring two shareholdings and received no dividend in the year; one acquisition was interest-free government loan post-March 2001, so no interest expense arose. The bench relied on precedential HC authority holding mere existence of exempt income does not automatically trigger s.14A disallowance when no expenditure to earn such income is shown. en-us Tue, 04 Nov 2025 00:00:00 +0530 Thu, 06 Nov 2025 08:47:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780808 ITAT Ahmedabad allowed the taxpayer's appeal under s.14A, finding no disallowance was warranted because the taxpayer did not incur any cost in acquiring two shareholdings and received no dividend in the year; one acquisition was interest-free government loan post-March 2001, so no interest expense arose. The bench relied on precedential HC authority holding mere existence of exempt income does not automatically trigger s.14A disallowance when no expenditure to earn such income is shown. Case-Laws Income Tax Tue, 04 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780808