https://www.taxtmi.com/caselaws?id=439001 The Tribunal allowed the appeal of the assessee regarding the disallowance made under section 14A of the Income Tax Act, 1961 for the assessment year 2017-18. The Tribunal emphasized that no disallowance could be made under section 14A if no exempt income was earned during the relevant year. It also highlighted that the amendment to section 14A was not retrospective and noted the precedence of decisions by other High Courts in the absence of jurisdictional rulings. en-us Mon, 12 Jun 2023 00:00:00 +0530 Tue, 13 Jun 2023 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439001 The Tribunal allowed the appeal of the assessee regarding the disallowance made under section 14A of the Income Tax Act, 1961 for the assessment year 2017-18. The Tribunal emphasized that no disallowance could be made under section 14A if no exempt income was earned during the relevant year. It also highlighted that the amendment to section 14A was not retrospective and noted the precedence of decisions by other High Courts in the absence of jurisdictional rulings. Case-Laws Income Tax Mon, 12 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439001