Held that the assessee had no exempt income for the relevant assessment year. The order of CIT(A) deleting the addition was affirmed. (AY. 2012-13).
Dy. CIT v. Jagson International Ltd. (2022) 97 ITR 176 (Delhi) (Trib.)
S. 14A : Disallowance of expenditure-Exempt income-No e exempt income for relevant assessment year-No disallowance can be made. [R.8D]