Tribunal held that when the assessee has not earned any dividend income during the year and not claiming exemption, disallowance cannot be made. (AY. 2014-15)
Assetz Infrastructure Pvt. Ltd. v. Dy.CIT (2020) 84 ITR 59 (SN) (Bang.)(Trib.)
S. 14A : Disallowance of expenditure-Exempt income-Not earning any dividend income during year and not claiming exemption-Disallowance cannot be made. [R. 8D]