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Informative

ITAT Upholds CIT(A)’s Deletion of S.14A Disallowance Due to No Exempt Income

Update / Judgement Date

12 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income TaxOther Legal Matters

The ITAT has upheld a CITA's deletion of a Section 14A disallowance due to no exempt income. The tribunal emphasized the need for a direct link between expenses and exempt income. This decision protects taxpayers from unwarranted disallowances. The ruling clarifies the application of Section 14A.