Held that where funds have been utilized for investment without incurring any expenses, no disallowance under section 14A is called for. (AY. 2011-12)
Security Printing & Minting Corporation of India Ltd. v. ACIT (2022) 194 ITD 641 (Delhi)(Trib.)
S. 14A : Disallowance of expenditure-Exempt income-No expenditure incurred-Disallowance cannot be made. [R.8D]