Held that the CIT(A) is justified in holding that only the expenditure baring on earning of exempt income can be disallowed. (AY. 2011-12)
Dy. CIT v. Acquire Services Pvt. Ltd. (2022) 93 ITR 613 (Delhi)(Trib.)
S. 14A : Disallowance of expenditure-Exempt income-Entire expenditure cannot be disallowed. [R. 8D]