Held that when the assessee had not earned any exempt income during year, no disallowance can be made under section 14A. (AY. 2012-13)
ACIT v. Gold Rush Sales and Service Ltd. (2024) 204 ITD 421 (Kol) (Trib.)
S.14A : Disallowance of expenditure-Exempt income-Not earned any exempt income during year-No disallowance can be made. [R. 8D]
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