Tribunal held that when there is no exempt income earned during year no disallowance can be made . ( AY.2011-12 to 2013-14) (AY. 2014 -15 )
ACIT v. Claridges Hotels Pvt. Ltd. (2021)86 ITR 402 (Delhi)(Trib)/Amadeus India Pvt. Ltd. v .ACIT (2021) 87 ITR 371 (Delhi ) ( Trib)
S .14A : Disallowance of expenditure – Exempt income – No exempt income earned during year — No disallowance permissible [ R.8D ]