No disallowance shall be made u/s 14A r.w.r 8D I.T Rule if assessee not earned any exempt income  previous year relevant to assessment year: ITAT [Read Order]

By Aparna. M - On September 16, 2023 2:30 pm - 2 mins read
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The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no disallowance  should be made Under Section 14A read with section 8D of Income Tax Rule if the assessee did not earn any exempt income in previous year relevant to assessment year. Assessee, OJAS Industries Pvt. Ltd is a residential corporate entity.During the assessment proceedings…

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