Disallowance under section 14A does not get attracted in absence of any exempt income earned during year. (AY. 2014-15)
NDTV Networks Ltd. v. DCIT (2025) 212 ITD 167 (Delhi) (Trib.)
S.14A : Disallowance of expenditure-Exempt income-No exempt income-No disallowance can be made. [R. 8D]
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