https://www.taxtmi.com/caselaws?id=429998 The tribunal dismissed the appeal filed by the Revenue, upholding the CIT(A)'s order that no disallowance under Section 14A is warranted in the absence of exempt income. It was held that the retrospective application of the amendment to Section 14A by the Finance Act 2022 is not valid, and the amendment applies prospectively from 1st April 2022. en-us Fri, 04 Nov 2022 00:00:00 +0530 Tue, 08 Nov 2022 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429998 The tribunal dismissed the appeal filed by the Revenue, upholding the CIT(A)'s order that no disallowance under Section 14A is warranted in the absence of exempt income. It was held that the retrospective application of the amendment to Section 14A by the Finance Act 2022 is not valid, and the amendment applies prospectively from 1st April 2022. Case-Laws Income Tax Fri, 04 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429998