https://www.taxtmi.com/caselaws?id=777526 ITAT (Chennai) upheld the CIT(A)'s deletion of a disallowance under s.14A r.w.r.8D, finding the assessee did not earn exempt income for AY 2014-15; Revenue could not overturn that factual finding. The tribunal held the Finance Act, 2022 explanation to s.14A is prospective and inapplicable to AY 2014-15, so no disallowance was warranted. Revenue's appeal was dismissed. en-us Fri, 10 Jan 2025 00:00:00 +0530 Mon, 01 Sep 2025 08:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777526 ITAT (Chennai) upheld the CIT(A)'s deletion of a disallowance under s.14A r.w.r.8D, finding the assessee did not earn exempt income for AY 2014-15; Revenue could not overturn that factual finding. The tribunal held the Finance Act, 2022 explanation to s.14A is prospective and inapplicable to AY 2014-15, so no disallowance was warranted. Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 10 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777526