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2019 (6) TMI 599 - ITAT CHANDIGARHDisallowance u/s 14A r.w.r. 8D - expenditure incurred for earning of tax exempt income - HELD THAT:- It is an undisputed fact that the assessee has not earned tax exempt income during the year. We find that the issue is now squarely covered by the various decisions of the Hon'ble High Courts. Even the different Hon'ble High Courts of the country have been unanimous to hold that no disallowance is attracted u/s 14A in case the assessee has not earned any income not forming part of the total income See WINSOME TEXTILE INDUSTRIES LTD. [2009 (8) TMI 220 - PUNJAB AND HARYANA HIGH COURT], M/S LAKHANI MARKETING INCL [2014 (7) TMI 44 - PUNJAB AND HARYANA HIGH COURT] and CHEMINVEST LIMITED [2015 (9) TMI 238 - DELHI HIGH COURT]
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