ITAT Clarifies Disallowance u/s 14A of Income Tax is Permissible Even without Exempt Income [Read Order]

ITAT upheld Section 14A disallowance of Rs. 16.38 lakh, clarifying it is permissible even without exempt income from AY 2022–23 onwards

By Kavi Priya - On April 23, 2025 8:09 am - 2 mins read

ITAT - ITAT Mumbai - ITAT Disalowancw under section 14A - TAXSCAN

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the disallowance of expenditure under Section 14A of the Income Tax Act, 1961, clarifying that disallowance is permissible even in the absence of exempt income from Assessment Year 2022–23 onwards, following the amendment introduced by the Finance Act, 2022. Sapphire Foods India Ltd., the…

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