AO can’t make Sec. 14A disallowance in absence of any exempt income earned during the year: ITAT

INCOME TAX : Where assessee had not earned any tax exempt income in relevant previous year, no disallowance under section 14A could have been made

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194551/ao-can’t-make-sec-14a-disallowance-in-absence-of-any-exempt-income-earned-during-the-year-itat.aspx