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Informative

Relief to Thomson Press: ITAT Reduces 14A Disallowance from Rs. 7.67 Lakh to Rs. 6.31 Lakh

Update / Judgement Date

16 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income TaxOther Legal Matters

The ITAT has reduced a Section 14A disallowance for Thomson Press from ₹7.67 lakh to ₹6.31 lakh. The tribunal emphasized the need for accurate calculations. This decision protects taxpayers from excessive disallowances. The ruling clarifies the application of Section 14A.