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]

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.