https://www.taxtmi.com/caselaws?id=784983 Whether s.14A disallowance applies where no exempt income was earned, in light of the Explanation inserted by Finance Act, 2022 w.e.f. 01.04.2022: relying on the SC precedent that pre-amendment no s.14A disallowance can be made absent exempt income, and on a Gauhati HC ruling that the 2022 Explanation is prospective and does not apply to assessment years before 01.04.2022, the tribunal held that the impugned addition under s.14A (r/w Rule 8D(2)(ii)) could not be sustained for a year with no exempt income; held for the assessee. en-us Tue, 25 Nov 2025 00:00:00 +0530 Thu, 15 Jan 2026 08:41:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784983 Whether s.14A disallowance applies where no exempt income was earned, in light of the Explanation inserted by Finance Act, 2022 w.e.f. 01.04.2022: relying on the SC precedent that pre-amendment no s.14A disallowance can be made absent exempt income, and on a Gauhati HC ruling that the 2022 Explanation is prospective and does not apply to assessment years before 01.04.2022, the tribunal held that the impugned addition under s.14A (r/w Rule 8D(2)(ii)) could not be sustained for a year with no exempt income; held for the assessee. Case-Laws Income Tax Tue, 25 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784983