Held, that since the assessee had not earned any exempt income during the year under consideration addition could not be made under section 14A of the Act. (AY.2009-10 to 2011-12)
Dy. CIT v. Trinetra Super Retail Pvt. Ltd. (2021) 88 ITR 116 / 210 TTJ 350 (Mum.)(Trib.) Golf View Homes Ltd. v. ACIT (2021) 88 ITR 423 / 212 TTJ 472 / 207 DTR 199 (Bang.)(Trib.)
S. 14A : Disallowance of expenditure-Exempt income-Not earned any exempt income-No disallowance can be made. [R. 8D]