No Section 14A Disallowance If Assessee Has No Exempt Income in the Year

Reliance Power Ltd Vs DCIT (ITAT Mumbai) 

Introduction: The case of Reliance Power Ltd vs. DCIT (ITAT Mumbai) revolves around the interpretation of disallowance under Section 14A of the Income Tax Act. The dispute primarily concerns the computation of disallowance relating to investments yielding exempt income and the applicability of Rule 8D.

Detailed Analysis:

1. Background: Reliance Power Ltd, engaged in power generati

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