Held that there was no exempted dividend income received by the assessee. Therefore there could not be any disallowance under the provisions of section 14A of the Act read with rule 8D of the Rules. (AY.2014-15)
ACIT v. Kalthia Engineering and Construction Ltd. (2022) 93 ITR 30 (SN) (Ahd.)(Trib.)/Mll Logistics P. Ltd. v. ACIT (2022)93 ITR 513 (Mum) (Trib)
S. 14A : Disallowance of expenditure-Exempt income-No exempt income-No disallowance can be made [R.8D]