https://www.taxtmi.com/caselaws?id=466984 The central issue was whether a disallowance under Section 14A, computed by the AO under Rule 8D, was sustainable where the assessee held investments but received no exempt income in the year. Applying the statutory scheme and Circular No. 5/2014, the appellate authority concluded that Rule 8D disallowance is not warranted in absence of exempt income; the CIT(A) deleted the disallowance and that deletion was upheld on appeal, with the Revenue's challenge dismissed. en-us Mon, 24 Feb 2025 00:00:00 +0530 Sun, 01 Mar 2026 09:29:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466984 The central issue was whether a disallowance under Section 14A, computed by the AO under Rule 8D, was sustainable where the assessee held investments but received no exempt income in the year. Applying the statutory scheme and Circular No. 5/2014, the appellate authority concluded that Rule 8D disallowance is not warranted in absence of exempt income; the CIT(A) deleted the disallowance and that deletion was upheld on appeal, with the Revenue's challenge dismissed. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466984