https://www.taxtmi.com/caselaws?id=758807 The Tribunal allowed the appeal by the assessee, directing the deletion of the addition made by the AO under Section 14A of the Income Tax Act, 1961. It held that disallowance under Section 14A is not warranted in the absence of exempt income, as the amendment by the Finance Act, 2022, lacks retrospective effect. en-us Tue, 10 Sep 2024 00:00:00 +0530 Wed, 18 Sep 2024 08:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758807 The Tribunal allowed the appeal by the assessee, directing the deletion of the addition made by the AO under Section 14A of the Income Tax Act, 1961. It held that disallowance under Section 14A is not warranted in the absence of exempt income, as the amendment by the Finance Act, 2022, lacks retrospective effect. Case-Laws Income Tax Tue, 10 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758807