https://www.taxtmi.com/caselaws?id=427153 The Tribunal allowed the appeal, deleting the addition of Rs. 5,81,861/- under Section 14A of the Income Tax Act, 1961. It held that the amendment to Section 14A by the Finance Act, 2022, was not retrospective and did not apply to the assessment year in question (2017-18). Following the Delhi High Court's decision, the Tribunal ruled that no disallowance was warranted as the assessee had not earned any tax-free income during the relevant year. en-us Tue, 02 Aug 2022 00:00:00 +0530 Fri, 02 Sep 2022 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427153 The Tribunal allowed the appeal, deleting the addition of Rs. 5,81,861/- under Section 14A of the Income Tax Act, 1961. It held that the amendment to Section 14A by the Finance Act, 2022, was not retrospective and did not apply to the assessment year in question (2017-18). Following the Delhi High Court's decision, the Tribunal ruled that no disallowance was warranted as the assessee had not earned any tax-free income during the relevant year. Case-Laws Income Tax Tue, 02 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427153