Non-Consideration of Preposition laid down by Jurisdictional HC by Tribunal in its order is an apparent mistake

No Section 14A Disallowance if  Assessee has not claimed any exempt Income

The main dispute and ground agitated by the assessee before the Tribunal was pertaining to disallowance and addition made by the AO by invoking the provisions of section 14A read with Rule 8D(2)(iii) of the IT Rules. Further, in the Tribunal order, the submission of the assessee was recorded that. 04ssessee,company has not received any income during the year, which is exempt and does not form part of total taxable income of the.

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