Dismissing the appeal of the Revenue the Court held that the Tribunal has given finding that the assessee had not earned any exempt income for year under consideration and AO had not given any reason to reject claim of assessee. Order of Tribunal is affirmed. (AY. 2009-10)
PCIT(C) v. JSW Energy Ltd. (2023) 294 Taxman 407 /(2024)460 ITR 496 (Bom.)(HC)
S. 14A : Disallowance of expenditure-Exempt income-Failure to record dissatisfaction-Not earned any exempt income-Order of Tribunal deleting the disallowance is affirmed. [S. 115JB, 260A, R.8D]