Disallowance u/s 14A of Income Tax can be triggered where no exempt Income has been earned: Delhi HC upholds  Deletion of Disallowance [Read Order]

Disallowance - Income Tax - Income Tax can be triggered where no exempt Income - Income - Delhi HC - taxscan

The Delhi High Court held that disallowance under section 14A of Income Tax Act, 1961 Can be triggered where no exempt income has been earned and upheld the deletion of disallowance. The appellant/revenue challenged the order passed by the Income Tax Appellate Tribunal [“Tribunal”] in favour of respondent assessee, Techno Trexim (India) Pvt Ltd. Mr…

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