2021 (9) TMI 1492

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....DER PER AMIT SHUKLA, JM The aforesaid appeal has been filed by the Revenue against the impugned order dated 25.08.2017, passed by Ld. Commissioner of Income Tax (Appeals)-XXVIII, New Delhi for the quantum of assessment passed u/s.143(3) for the Assessment Year 2014-15. In various grounds of appeal, the Revenue has challenged the deletion of disallowance of Rs.3,12,87,693/- made u/s.14A. 2....

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.... judgments held that no disallowance can be made when there is no exempt income and further Assessing Officer has not been able to establish any nexus between the exempt income if at all earned by the appellant and any expenditure incurred to earn this income. 4. After considering the submissions made by the parties and on perusal of the finding given in the impugned order, we find from the com....