ITAT Mumbai Deletes ₹4.11 Crore Section 14A Disallowance Against Aishwarya Rai

ACIT Vs Aishwarya Rai Bachchan (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) Mumbai delivered its order in the case of ACIT vs Aishwarya Rai Bachchan concerning the applicability of disallowance under Section 14A of the Income-tax Act, 1961 read with Rule 8D for Assessment Year (A.Y.) 2022–23. The Revenue had filed an appeal against the order of the Commissioner of Income Tax (Appeals), Mumbai/National Faceless Appeal Centre (NFAC), Delhi, dated June 16, 2025, which granted relief to the assessee. The Assessing Officer (AO) had proposed a disallowance under Section 14A in relation ...