https://www.taxtmi.com/caselaws?id=756846 The ITAT Mumbai affirmed the Ld.CIT(A)'s decision to remove the disallowance made by the AO under Section 14A of the Income Tax Act for AY 2020-21, as the assessee had no exempt income. The Ld.CIT(A) referenced pertinent rulings, determining that the amendment to Section 14A is prospective. The Revenue's appeal was dismissed. en-us Thu, 08 Aug 2024 00:00:00 +0530 Sat, 10 Aug 2024 09:05:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756846 The ITAT Mumbai affirmed the Ld.CIT(A)'s decision to remove the disallowance made by the AO under Section 14A of the Income Tax Act for AY 2020-21, as the assessee had no exempt income. The Ld.CIT(A) referenced pertinent rulings, determining that the amendment to Section 14A is prospective. The Revenue's appeal was dismissed. Case-Laws Income Tax Thu, 08 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756846