No exempt income, No disallowance u/s 14A & Rule 8D: SC

PCIT Tax Vs M/s. Oil Industry Development Board (Supreme Court)

Hon’ble supreme court held that in the absence of any exempt income, disallowance under Section 14-A of the Act of any amount was not permissible.

FULL TEXT OF THE SUPREME COURT JUDGEMENT

Delay condoned.

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