Held that when there was no exempt income earned by assessee during year, no disallowance can be made. (AY. 2013-14)
Kumar Properties and Real Estate (P.) Ltd. v. DCIT (2021) 190 ITD 212 / 87 ITR 169 (SN) / 212 TTJ 227 / 202 DTR 425 (Pune) (Trib.)
S. 14A : Disallowance of expenditure-Exempt income-No exempt income during the year-No disallowance can be made. [R.8D]