Dismissing the appeal of the revenue the Tribunal held that since no exempt income received during the year, no disallowance can be made. (AY.2013-14)
ACIT v. Chadha Papers Ltd. (2020) 80 ITR 38 (SN) (Delhi)(Trib.)
S. 14A : Disallowance of expenditure-Exempt income-No exempt income during the year-No disallowance can be made.[R. 8D]