Dismissing the appeal of the revenue the Court held that, when there is no exempt income declared during the year no disallowance can be made. Followed Cheminvest\u00a0\u00a0 Ltd v CIT (2015) 378 ITR 33 (Delhi) (HC), CIT v Shivam Motors Pvt Ltd (2015) 230 Taxman 63 \/ 272 CTR 277 (All) (HC), PCIT v Man Infra projects Ltd ITA NO\u00a0\u00a0 dt 9-04 2019. (ITA No.5241\/2013 dt.18 -10 2016)(ITA No. 1124 of 2017 dt.27\/01\/2020)\u00a0\u00a0\u00a0 (AY.2008 -09)\u00a0\u00a0<\/p>\n
Editorial:<\/strong> Also refer, PCIT v. Ballapur Industries Ltd (ITA No. 51 of 2016, dt.13.10.2016) (Bom.) (HC), www.itatonline.org<\/a>\u00a0 , PCIT v. Oil Industries Development Board (2019) 262 Taxman 102 (SC), www.itatonline.org<\/a> , Cheminvest Ltd v. ITO (2009) 27 DTR 82 \/124 TTJ 577 \/ 121 TTD 318 (SB) (Delhi) (Trib.)<\/p>\n","protected":false},"excerpt":{"rendered":" S. 14A: Disallowance of expenditure – Exempt income \u2013 When there is no exempt income declared during the year no disallowance can be made. [R. 8D (2) (ii) ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11318","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2Wy","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=11318"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11318\/revisions"}],"predecessor-version":[{"id":20097,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/11318\/revisions\/20097"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=11318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=11318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=11318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}