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2021 (9) TMI 1492 - AT - Income TaxDisallowance u/s.14A. r.w.r. 8D - CIT-A held that no disallowance can be made when there is no exempt income and AO not been able to establish any nexus between the exempt income if at all earned by the appellant and any expenditure incurred to earn this income - HELD THAT:- As find from the computation of income filed in the paper book that no exempt income has been claimed by the assessee either in the return of income or in the computation of income. This fact has also been noted by AO, at the first page of the order. Once there is no exempt income, then there is no question of any disallowance u/s.14A, and therefore, in the case of Cheminvest Ltd [2015 (9) TMI 238 - DELHI HIGH COURT] no disallowance can be made. Decided in favour of assessee.
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