No Section14A read with Rule 8D Disallowance in Absence of Exempt Income

DCIT Vs Dcom Systems Limited (ITAT Ahmedabad) The case of DCIT vs. Dcom Systems Limited, as heard by the Income Tax Appellate Tribunal (ITAT) in Ahmedabad, revolves around an appeal filed by the Revenue against the Commissioner of Income Tax (Appeals)-1, Ahmedabad. The dispute pertains to the assessment order for the Assessment Year 2014-15 under section 143(3) of the Income Tax Act, 1961. Facts of the Case: Dcom Systems Limited, engaged in the manufacturing and trading of metal equipment, filed its income tax return for the Assessment Year 2014-15, declaring a loss of Rs. 53,01,335/-. The re...