Healthcare tech firm's expenses for identifying acquisition targets treated as revenue, not capital. No exempt income, so Section 14A disallowance inapplicable.

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....Expenses incurred for professional charges paid to identify potential acquisition targets in healthcare technology sector deemed revenue expenditure, not capital expenditure. Disallowance u/s 14A not applicable if no exempt income received. Appeal by assessee allowed, relying on precedent of On Mobile Global Ltd. case. Genuineness of transactions for services rendered not disputed. Appellate Tribunal's ruling favoring assessee's stance on nature of expenses and inapplicability of Section 14A disallowance.....