The Tribunal Held, that when no exempt income was claimed by the assessee in its computation of income no disallowance under section 14A was warranted. (AY. 2012-13)
ACIT v. Amrutlal Babaldas Patel (2022)98 ITR 131 (Surat) (Trib)
S. 14A : Disallowance of expenditure-Exempt income-No exempt income during the relevant year-Disallowance not warranted. [R.8D]