Disallowance u/s 14 A is not permissible When Assessee does not have Exempt Income: ITAT [Read Order]

Disallowance - Assessee - Exempt Income - ITAT - taxscan

Bangalore the Income Tax Appellate Tribunal (ITAT) has held that the disallowance u/s 14 A rws 8D of the Income Tax Act,1961 is not permissible when the assessee does not have exempt Income. M/s. Acropetal Technologies Pvt. Ltd., the assessee is in the business of manufacturing and export of software.  The assessee filed the return…

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