Court held that, provision would not be applicable if there was no exempt income earned by assessee during year. (AY. 2007-08 to 2010-11 & 2013-14)
CIT v. Tamilnadu Road Development Company Ltd. (2021) 436 ITR 323 / 279 Taxman 125 (Mad.)(HC)
S. 14A : Disallowance of expenditure-Exempt income-Provision would not be applicable if there was no exempt income earned by assessee during year. [R.8D]