Delhi HC Upholds Prospective Application of Finance Act 2022 Amendment to Section 14A, Limits Disallowance to Exempt Income Earned

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Delhi HC Upholds Prospective Application of Finance Act 2022 Amendment to Section 14A, Limits Disallowance to Exempt Income Earned

Direct Tax

Published on

24/12/2025

By Mariya Paliwala

Delhi HC Upholds Prospective Application of Finance Act 2022 Amendment to Section 14A, Limits Disallowance to Exempt Income Earned

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The Delhi High Court has held that the amendment introduced to Section 14A of the Income-tax Act, 1961 by the Finance Act, 2022 operates prospectively and cannot be applied to earlier assessment years. The bench Justice V. Kameswar Rao and Justice Vinod Kumar reaffirmed that disallowance under Section 14A cannot exceed the amount of exempt…

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Mariya Paliwala https://www.jurishour.in/

Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Delhi HC Upholds Prospective Application of Finance Act 2022 Amendment to Section 14A, Limits Disallowance to Exempt Income Earned

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