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2017 (12) TMI 1689 - AT - Income TaxAddition u/s 14A read with Rule 8D on account of expenses relatable to earning of tax exempt income - HELD THAT:- No disallowance is attracted u/s 14A in case the assessee has not earned any income not forming part of the total income. In view of this, we do not find any merit in the appeal of the Revenue and the same is accordingly dismissed. See WINSOME TEXTILE INDUSTRIES LTD. [2009 (8) TMI 220 - PUNJAB AND HARYANA HIGH COURT], CHEMINVEST LIMITED [2015 (9) TMI 238 - DELHI HIGH COURT] - Decided against revenue.
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