Court held that when the assessee did not have exempt income, no disallowance could be made under section 14A read with rule 8D. (AY. 2012-13, 2013-14, 2012-13 and 2011-12)
Delhi International Airport Ltd. v. PCIT (2022) 210 DTR 881 / 325 CTR 361 / 138 taxmann.com 541 (Karn.)(HC)
S. 14A : Disallowance of expenditure-Exempt income-No exempt income-No disallowance can be made [R. 8D]