https://www.taxtmi.com/caselaws?id=457829 Disallowance under section 14A cannot be sustained where the assessee has not earned any exempt income during the year, and the Finance Act, 2022 amendment to that provision applies prospectively. On that basis, the tribunal's order was upheld and the revenue's challenge failed; the substantial questions of law were answered against the revenue. en-us Mon, 26 Feb 2024 00:00:00 +0530 Fri, 27 Sep 2024 21:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457829 Disallowance under section 14A cannot be sustained where the assessee has not earned any exempt income during the year, and the Finance Act, 2022 amendment to that provision applies prospectively. On that basis, the tribunal's order was upheld and the revenue's challenge failed; the substantial questions of law were answered against the revenue. Case-Laws Income Tax Mon, 26 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457829