The Tribunal also deleted a Section 14A disallowance concerning a year in which the assessee earned no exempt income.
Retrospective Amendment Cannot Trigger Under-Reporting Penalty on Bonafide Education Cess Claim: ITAT Grants Tax Relief to Poonawalla Fincorp [Read Order]
![Retrospective Amendment Cannot Trigger Under-Reporting Penalty on Bonafide Education Cess Claim: ITAT Grants Tax Relief to Poonawalla Fincorp [Read Order]](https://images.taxscan.in/h-upload/2026/07/03/2142274-itat-grants-relief-to-poonawalla-fincorp-on-education-cess-penalty-by-taxscan.webp)
Source: Taxscan
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