Section 14A(2) of the Income Tax Act

The decision most relied on for Section 14A(2) is M.M. Aqua Technologies Ltd. v. Commissioner of Income Tax, Delhi (2021 SCC OnLine SC 575), cited in 102 of the 45 judgments on BharatTax that turn on this section.

Leading authorities on Section 14A(2)

M.M. Aqua Technologies Ltd. v. Commissioner of Income Tax, Delhi
2021 SCC OnLine SC 575 · 2021 · Reported
102
citing judgments

A tax provision is retrospective only if legislative intent is explicit or if it is purely clarificatory and does not alter existing law. Provisions framed 'for the removal of doubts' are not presumed to be retrospective if they change the law as it stood.

Ltd. v. DCIT
76 Taxmann.com 268 · 2016 · High Court
101
citing judgments

Where the Assessing Officer performs an elaborate analysis to determine disallowance under Section 14A, the mere absence of a specific record of dissatisfaction with the assessee's calculation does not nullify the disallowance, provided the statutory steps are followed.

1. Godrej & Boyce Manufacturing Co. Ltd. v. DCIT
247 CTR 162 · 2012 · High Court
53
citing judgments
Avon Cycles Ltd. v. CIT
53 Taxmann.com 297 · 2015 · High Court
36
citing judgments
Tata Industries Ltd. v. ITO
181 TTJ 600 · 2016 · ITAT
29
citing judgments

Disallowance under Section 14A cannot exceed the amount of exempt income earned by the assessee. The Assessing Officer is directed to verify and restrict the disallowance to the exempt income.

CIT v. K. S. Venkatksubbiah Reddiar
221 ITR 18 · High Court
27
citing judgments

An activity is considered business if it involves a continuous course of activity and is carried on with a profit motive.

Lally Motors India (P.) Ltd. v. PCIT
93 Taxmann.com 39 · 2018 · High Court
27
citing judgments

Disallowance of expenditure under Section 14A cannot exceed the income from the relevant exempt investments.

Godrej & Boyce Manufacturing Co. Ltd. v. DCIT &Anr.
295 CTR 121 · 2017 · Supreme Court
21
citing judgments
Indiabulls Financial Services Ltd. v. DCIT
395 ITR 242 · 2017 · High Court
19
citing judgments
Kilasho Devi Burman v. Commissioner of Income Tax, W.B., Calcutta
219 ITR 214 · 1996 · Supreme Court
11
citing judgments

Judgments on Section 14A(2)

ACIT CENTRAL CIRCLE 1(3), AHMEDABAD vs. UNICORN PACKAGING LLP, AHMEDABAD

In the result, this appeal of the Revenue is, accordingly, stands dismissed

ITA 898/AHD/2025[2020-21]Status: DisposedITAT Ahmedabad25 Feb 2026AY 2020-21

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinhaआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

For Appellant: Shri Aseem L. Thakkar, ARFor Respondent: Shri Alpesh Parmar, CIT-DR
Section 32(1)Section 43(1)Section 43(6)(c)Section 49(1)(iii)Section 55(2)(a)

ACIT CENTRAL CIRCLE 1(3), AHMEDABAD, AHMEDABAD vs. UNICORN PACKAGING LLP, AHMEDABAD

In the result, this appeal of the Revenue is, accordingly, stands dismissed

ITA 897/AHD/2025[2018-19]Status: DisposedITAT Ahmedabad25 Feb 2026AY 2018-19

Bench: Shri Sanjay Garg & Shri Narendra Prasad Sinhaआयकर अपील सं/ िनधा"रण वष"/ Sl. Appeal(S) By :

For Appellant: Shri Aseem L. Thakkar, ARFor Respondent: Shri Alpesh Parmar, CIT-DR
Section 32(1)Section 43(1)Section 43(6)(c)Section 49(1)(iii)Section 55(2)(a)

DEPUTY COMMISSIONER OF INCOME TAX, PUNE vs. VASCON ENGINEERS LIMITED, PUNE

In the result, Appeal of the Revenue is Dismissed

ITA 1105/PUN/2025[2013-14]Status: DisposedITAT Pune27 Jan 2026AY 2013-14

Bench: Ms.Astha Chandra & Dr.Dipak P. Ripoteआयकर अपऩल सं. / Ita No.1105/Pun/2025 निर्धारण वषा / Assessment Years: 2013-14 Deputy Commissioner Vs. Vascon Engineers Limited, Of Income Tax, Pune. Vascon Weikfileld Chamber, Opposite Hyatt Hotel, Nagar Road, Pune – 411014. Pan: Aaacv1249F Appellant/ Revenue Respondent /Assessee Assessee By Shri Ajit Tolani & Darpan Kriplani Revenue By Smt. Indira R. Adakil – Addl.Cit(Dr) Date Of Hearing 02/12/2025 Date Of Pronouncement 27/01/2026 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Appeal Filed By The Revenue Is Against The Order Of Ld.Commissioner Of Income Tax(Appeal)[Nfac], Passed Under Section 250 Of The Income Tax Act, 1961 Dated 05.02.2025Emanating From The Assessment Order Under Section 143(3) R.W.S 144C(3/4) Of The Act, 1961 Dated 23.01.2017 For The A.Y.2013-14. The Revenue Has Raised The Following Grounds Of Appeal :

Section 143(3)Section 14ASection 14A(2)Section 250Section 36(1)(u)

KIRLOSKAR PNEUMATIC COMPANY LIMITED,PUNE vs. THE DCIT CIRCLE 7 PUNE, PUNE

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

ITA 1569/PUN/2025[2020-21]Status: DisposedITAT Pune06 Jan 2026AY 2020-21

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.1569/Pun/2025 Assessment Year : 2020-21

For Appellant: Shri Kiran SanmaneFor Respondent: Shri Bharat Andhale
Section 143(2)Section 143(3)Section 14ASection 14A(2)

JASPER INDUSTRIES PVT LTD,HYDERABAD vs. DCIT., CIRCLE-2(1), HYDERABAD

In the result, the appeal of the assessee is partly allowed

ITA 1357/HYD/2025[2015-16]Status: DisposedITAT Hyderabad10 Dec 2025AY 2015-16

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

Section 10(34)Section 10(38)Section 14ASection 14A(2)Section 36(1)(iii)

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 6 4 MUMBAI, MUMBAI vs. INDIABULLS REAL ESTATE LIMITED, NEW DELHI

Appeal is dismissed

ITA 3108/DEL/2024[2013-14]Status: DisposedITAT Delhi14 Nov 2025AY 2013-14

Bench: Sh. Satbeer Singh Godara & Sh. Manish Agarwal

For Appellant: Sh. Ankit Kumar, AdvFor Respondent: Sh. Om Prakash, Sr. DR
Section 143(3)Section 14ASection 14A(2)

HPL MERCANTILE PVT LTD,DELHI vs. ITO WARD 11(1), DELHI

Appeal is partly allowed

ITA 5759/DEL/2025[2017-18]Status: DisposedITAT Delhi29 Oct 2025AY 2017-18

Bench: SHRI SATBEER SINGH GODARA (Judicial Member)

Section 143(3)Section 14ASection 14A(2)

HN SAFAL INFRA DEVELOPER PVT LTD (ON BEHALF OF SAFAL ORG PVT LTD),AHMEDABAD vs. PRINCIPAL COMMISSIONER OF INCOME TAX, AHMEDABAD, AHMEDABAD

In the result, appeal filed by the assessee is allowed

ITA 737/AHD/2024[2018-19]Status: DisposedITAT Ahmedabad09 Sept 2025AY 2018-19

Bench: SMT. ANNAPURNA GUPTA (Accountant Member), SHRI T.R. SENTHIL KUMAR (Judicial Member)

For Appellant: Shri Rignesh Das, CIT. DRFor Respondent: Date of Hearing
Section 143(3)Section 14ASection 263

PRASAD FILM LABORATORIES PRIVATE LIMITED,HYDERABAD vs. ACIT., CIRCLE-6(1), HYDERABAD

In the result appeal of the assessee is dismissed

ITA 113/HYD/2025[2017-18]Status: DisposedITAT Hyderabad13 Aug 2025AY 2017-18

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

For Appellant: Sri V. Siva Kumar, AdvocateFor Respondent: Sri Vinodh Kannan, Sr. AR
Section 10(34)Section 115JSection 14ASection 14A(2)

M/S. EXIM SCRIPS DEALERS PVT. LTD.,KOLKATA vs. I.T.O., WARD - 5(1),, KOLKATA

In the result, appeal of the assessee is allowed

ITA 756/KOL/2025[2014-2015]Status: DisposedITAT Kolkata06 Aug 2025AY 2014-2015

Bench: Shri George Mathanआयकर अपील सं/Ita No.756/Kol/2025 (नििाारण वर्ा / Assessment Year : 2014-2015) M/S Exim Scrips Dealers Pvt. Ltd. Vs Ito Ward-5(1), Kolkata 412, Mukti Chambers, 4Th Floor, 4, Clive Row, Kolkata-700001 Pan No. : Aaace 6906 E (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) नििााररती की ओर से /Assessee By : Shri Siddharth Parekh, Ar राजस्व की ओर से /Revenue By : Shri Somnath Das Biswas, Sr. Dr सुनवाई की तारीख / Date Of Hearing : 06/08/2025 घोषणा की तारीख/Date Of Pronouncement : 06/08/2025 आदेश / O R D E R This Is An Appeal Filed By The Assessee Against The Order Dated 28.03.2025 Passed By The Ld. Addl./Jcit(A)-1, Bengaluru For The Assessment Year 2014-2015 2. Shri Siddharth Parekh, Ld. Ar Appeared On Behalf Of The Assessee. Shri Somnath Das Biswas, Ld.Sr. Dr Appeared On Behalf Of The Revenue. 3. It Was Submitted By The Ld. Ar That The Only Issue In Assessee’S Appeal Was Against The Action Of The Ld. Cit(A) In Confirming The Addition Made By The Ao In Respect Of The Disallowance Of Expenditure Earned In Respect Of Exempt Income By Applying The Provisions Of Rule 8D Read With The Provisions Of Section 14A Of The Act. It Was The Submission That The There Was No Satisfaction Recorded For The Purpose Of Invoking The Provisions Of Section 14A Of The Act. It Was The Submission That On Identical Circumstances The Coordinate Bench Of This Tribunal In Assessee'S Own

For Appellant: Shri Siddharth Parekh, ARFor Respondent: Shri Somnath Das Biswas, Sr. DR
Section 10(34)Section 10(38)Section 14ASection 14A(2)

FORTUNE GOURMET SPECALITIES PRIVATE LIMTED,MUMBAI vs. ACIT CIRCLE 6(3)(1), MUMBAI

In the result, appeal of the assessee allowed

ITA 4010/MUM/2025[2017-18]Status: DisposedITAT Mumbai31 Jul 2025AY 2017-18

Bench: Shri Saktijit Dey, Hon’Ble & Shri Narendra Kumar Billaiya, Hon’Ble

For Appellant: Shri Gunjan Kakkad, A/RFor Respondent: Ms. Kavitha Kaushik, Sr. D/R
Section 14ASection 14A(2)

INVESCO(INDIA) PRIVATE LIMITED,HYDERABAD vs. DCIT, CIRCLE -2 (1), HYDERABAD

In the result, appeal of the Assessee is partly allowed for statistical purposes

ITA 111/HYD/2022[2017-18]Status: DisposedITAT Hyderabad30 Jun 2025AY 2017-18

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

For Appellant: CA, Sriram SeshadriFor Respondent: Shri B Bala Krishna, CIT-DR
Section 143(3)Section 144C(5)

NATIONAL DAIRY DEVELOPMENT BOARD,ANAND vs. THE DY.CIT, ANAND CIRCLE, ANAND

In the result, the appeals filed by the Revenue in ITA Nos

ITA 724/AHD/2023[2014-15]Status: DisposedITAT Ahmedabad23 Jun 2025AY 2014-15

Bench: DR. BRR Kumar (Vice President), Shri T. R. Senthil Kumar (Judicial Member)

Section 115JSection 143(3)Section 14ASection 35DSection 36(1)Section 36(1)(viii)Section 37(1)

M/S. ANSAL HOUSING & CONSTRUCTION LTD.,NEW DELHI vs. DCIT, NEW DELHI

In the result, appeal of the assessee is partly allowed

ITA 2627/DEL/2013[2008-09]Status: DisposedITAT Delhi12 Jun 2025AY 2008-09

Bench: Shri Vikas Awasthy & Shri Amitabh Shuklaआअसं.2627/िद"ी/2013(िन.व. 2008-09) आअसं.1695 और 1696/िद"ी/2016(िन.व. 2009-10 और 2010-11)

For Appellant: Shri Rohit Jain & Ms. Manisha Sharma, Advocates &For Respondent: Shri Ashish Tripathi, Sr. DR
Section 80I

CERA SANITARYWARE LIMITED,AHMEDABAD vs. THE DCIT, CIRCLE-1(1)(1), AHMEDABAD

In the result, the appeal filed by the Assessee is allowed

ITA 1334/AHD/2024[2022-23]Status: DisposedITAT Ahmedabad08 May 2025AY 2022-23

Bench: Smt. Annapurna Gupta (Accountant Member), Shri T.R. Senthil Kumar (Judicial Member)

Section 142(1)Section 143(3)Section 14A

INFOBEANS TECHNOLOGIES LIMITED,INDORE, M.P. vs. THE PRINCIPAL COMMISSIONER OF INCOME-TAX, INDORE - 1, INDORE, M.P.

In the result, the appeal filed by the assessee is dismissed being devoid of

ITA 371/IND/2024[2018-19]Status: DisposedITAT Indore29 Apr 2025AY 2018-19

Bench: Sh. Bhagirath Mal Biyani & Sh. Udayan Dasgupta

For Appellant: S/Sh.SN Agrawal & Ritesh Jain, ARs
Section 143(3)Section 14ASection 14A(2)Section 154Section 263

DEPUTY COMMISSIONER OF INCOME TAX, VEJALPUR, AHMEDABAD vs. SYMPHOY LIMITED, BODAKDEV,AHMEDABAD

In the result, the appeal of the Revenue is dismissed

ITA 1433/AHD/2024[2017-18]Status: DisposedITAT Ahmedabad13 Jan 2025AY 2017-18

Bench: Justice(Retd.) C V Bhadang & Dr.Brr Kumar

For Appellant: Shri Bharat S Shah, ARFor Respondent: Shi Yogesh Mishra, S.DR
Section 115Section 14(2)Section 14ASection 14A(2)

M/S. METRO TYRES LTD.,NEW DELHI vs. DCIT, NEW DELHI

ITA 5966/DEL/2016[2013-14]Status: DisposedITAT Delhi20 Dec 2024AY 2013-14

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

For Appellant: Sh. Salil Kapoor, AdvFor Respondent: Ms. Jaya Chaudhary, CIT-DR
Section 1Section 14ASection 24Section 32(1)(ii)

M/S METRO TYRES LTD,NEW DELHI vs. DCIT, NEW DELHI

ITA 379/DEL/2016[2012-13]Status: DisposedITAT Delhi20 Dec 2024AY 2012-13

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

For Appellant: Sh. Salil Kapoor, AdvFor Respondent: Ms. Jaya Chaudhary, CIT-DR
Section 1Section 14ASection 24Section 32(1)(ii)

M/S METRO TYRES LTD,NEW DELHI vs. DCIT, NEW DELHI

ITA 378/DEL/2016[2011-12]Status: DisposedITAT Delhi20 Dec 2024AY 2011-12

Bench: Sh. Satbeer Singh Godara & Sh. S. Rifaur Rahmanita No. 1031/Del/2013 : Asstt. Year : 2007-08 Metro Tyres Ltd., Vs Addl. Cit, 101, Jyoti Bhawan, Dr. Mukherjee Range-6, Nagar, Commercial Complex, New Delhi New Delhi-110009 (Appellant) (Respondent) Pan No. Aaacm3394A

For Appellant: Sh. Salil Kapoor, AdvFor Respondent: Ms. Jaya Chaudhary, CIT-DR
Section 1Section 14ASection 24Section 32(1)(ii)

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