ITO Vs NSL Nagapatnam Power Ventures Private Limited (ITAT Hyderabad)
Case ke facts
NSL Nagapatnam Power ne 2017-18 mein koi exempt income nahi dikhayi thi. Department ne phir bhi Rs. 3.60 crore Section 14A ke under disallow kar diya.
Mudda (Issue)
Jab exempt income hi nahi hai to Section 14A ka disallowance ho sakta hai kya?
Faisla (Held)
ITAT ne clear bola ki jab exempt income nahi hai to Section 14A disallowance nahi lag sakta. Jo 2022 mein law badla hai uska purane years par effect nahi hai.
Practical takeaway
Agar exempt income nahi hai to Section 14A ka disallowance nahin lagega, Finance Act 2022 ka amendment sirf future par lagega.
Original report: taxguru.in
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Yeh summary public report par aadhaarit general jaankari hai, legal advice nahi. Poora faisla padhne ke liye original source dekhiye. Published on cgaindia.com: 2026-10-17.