Tribunal held that there was no exempt income earned by the assessee during the year and hence no disallowance could be made. (AY. 2013-14)
IBM India Pvt. Ltd. v. ACIT (2020) 83 ITR 24 (Bang.)(Trib.)
S. 14A : Disallowance of expenditure-Exempt income-No exempt income earned during year-No disallowance can be made. [R. 8D]