Allowing the appeal of the assessee the Tribunal held that ; When there is no exempt income earned during the relevant period , no disallowance can be made . ( AY. 2013-14)
Moonrock Hospitality P. Ltd. v. DCIT ( 2018) 61 ITR 667 (Delhi) (Trib)
S. 14A : Disallowance of expenditure – Exempt income – When there is no exempt income earned during the relevant period , no disallowance can be made [ R.8D ]