TMI Blog2021 (12) TMI 1204X X X X Extracts X X X X X X X X Extracts X X X X ..... REME COURT] has held that once there is no exempt income, no disallowance can be made by invoking the provisions of section 14A r.w.r 8D of the Rules. Hence, we find no infirmity in the order of CIT(A) and the same is affirmed. The appeal of Revenue on this issue is dismissed. MAT computation u/s 115JB - disallowance of expenses made invoking the provisions of section 14A r.w.rule 8D of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... THA, ACCOUNTANT MEMBER Appellant by : Shri G.Johnson, Addl.CIT Respondent by : None ORDER PER MAHAVIR SINGH, VP: This appeal by the Revenue is arising out of the order of the Commissioner of Income Tax (Appeals)-6, Chennai in ITA No.583/CIT(A)-6/2016-17 dated 27.02.2018. The assessment was framed by ACIT (OSD), Corporate Range-2, Chennai for the assessment year 2013-14 u/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... larified that, disallowance u/s.14A r.w.r. 8D has to be made even if the taxpayer in a particular year not earned any exempt income. 3. We have heard the ld. senior Department Representative and gone through facts and circumstance of the case. We noted that the AO has made disallowance of expenses relatable to exempt income by invoking the provisions of section 14A r.w.r 8D of the Rules. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n this appeal of Revenue is as regards to the order of CIT(A) deleting the disallowance of expenses made by the AO by invoking the provisions of section 14A of the Act r.w.rule 8D of the Rules, while computing book profit u/s.115JB of the Act. For this, Revenue has raised following Ground No.3.1:- 3.1 The CIT(A) failed to appreciate the fact that when the AO made disallowance u/s.14A which ha ..... X X X X Extracts X X X X X X X X Extracts X X X X
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