Dismissing the appeal of the revenue the Court held that when there is no exempt income earned during the year, no disallowance can be made.
PCIT v. Delhi International Airport Pvt. Ltd. (2022) 440 ITR 594 (Karn.)(HC)
S.14A : Disallowance of expenditure-Exempt income-No exempt income-No disallowance can be made. [R.8D]