{"id":1241,"date":"2025-11-05T21:12:58","date_gmt":"2025-11-05T16:42:58","guid":{"rendered":"https:\/\/caalokkumar.com\/my-writing\/?p=1241"},"modified":"2025-12-27T19:08:48","modified_gmt":"2025-12-27T14:38:48","slug":"aishwarya-rai-bachchan-secures-major-relief-from-itat-in-%e2%82%b94-11-cr-section-14a-disallowance","status":"publish","type":"post","link":"https:\/\/caalokkumar.com\/my-writing\/aishwarya-rai-bachchan-secures-major-relief-from-itat-in-%e2%82%b94-11-cr-section-14a-disallowance\/","title":{"rendered":"Aishwarya Rai Bachchan Secures Major Relief from ITAT in \u20b94.11 Cr Section 14A Disallowance"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><a href=\"http:\/\/caalokkumar.com\">ITAT Favors Aishwarya Rai Bachchan in \u20b94.11\u202fCrore Section 14A Tax Dispute<\/a><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><\/h2>\n\n\n\n<figure class=\"wp-block-pullquote has-text-align-center\"><blockquote><p><a><strong>Background of the Case (AY 2022\u201323)<\/strong><\/a><br>For the Assessment Year 2022\u201323, Aishwarya Rai Bachchan filed returns disclosing around \u20b939.3 crore of income. She had earned some tax-free income (exempt from tax) and&nbsp;<strong>voluntarily disallowed \u20b949 lakh<\/strong>&nbsp;in her return, acknowledging that amount as expenses related to that exempt income (a \u201csuo motu\u201d disallowance). However, the Assessing Officer (AO) was not satisfied. The AO invoked&nbsp;<strong>Section 14A<\/strong>&nbsp;of the Income Tax Act (with&nbsp;<strong>Rule 8D<\/strong>&nbsp;of the Income Tax Rules) to compute a much higher disallowance. He calculated about&nbsp;<strong>\u20b94.60 crore<\/strong>&nbsp;of expenses to disallow by applying a flat 1% rate on her investments, and after subtracting the \u20b949 lakh she already disallowed, proposed an&nbsp;<strong>additional \u20b94.11 crore<\/strong>&nbsp;be disallowed<a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=The%20AO%20computed%20a%201,11%20crore\"><\/a>. This was striking because&nbsp;<strong>her total expenses for the year were only about \u20b92.48 crore in reality<\/strong><a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=The%20Commissioner%20of%20Income%20Tax,A%29%20deleted%20the%20excess%20disallowance\"><\/a>. In essence, the tax officer\u2019s formulaic approach led to a disallowance far exceeding what she actually spent, prompting a legal dispute that went to the Income Tax Appellate Tribunal (ITAT).<\/p><cite><a href=\"https:\/\/itat.gov.in\" target=\"_blank\" rel=\"noreferrer noopener\">The Mumbai Bench of the&nbsp;<strong>Income Tax Appellate Tribunal (ITAT)<\/strong><\/a><\/cite><\/blockquote><\/figure>\n\n\n\n<h2 class=\"wp-block-heading alignwide has-text-align-center\"><a>Section\u202f14A and Rule\u202f8D \u2013 Explained in Plain Terms<\/a><\/h2>\n\n\n\n<p><strong>Section 14A<\/strong>&nbsp;of the Income Tax Act, 1961 is a provision designed to prevent taxpayers from deducting expenses that are incurred to earn&nbsp;<em>exempt income<\/em>&nbsp;(income that isn\u2019t taxable). In simple terms, if you have income on which you don\u2019t pay tax (for example, tax-free bond interest or certain dividends), you&nbsp;<strong>cannot deduct the related expenses<\/strong>&nbsp;from your taxable income. The logic is straightforward: since the income itself isn\u2019t taxed, any costs spent to earn that income shouldn\u2019t reduce your taxable profits<a href=\"https:\/\/tax2win.in\/guide\/section-14a-rule-8d-income-tax#:~:text=To%20deal%20with%20such%20cases%2C,total%20income%20of%20the%20taxpayer\"><\/a>. This section was introduced to curb the practice of claiming deductions for expenses against income that doesn\u2019t contribute to tax revenues.<\/p>\n\n\n\n<p>Because it\u2019s not always easy to figure out how much expense is incurred \u201cin relation to\u201d exempt income,&nbsp;<strong>Rule 8D<\/strong>&nbsp;of the Income Tax Rules provides a&nbsp;<strong>standard method to calculate such disallowable expenses<\/strong>. In essence, Rule&nbsp;8D allows the tax officer to allocate a reasonable portion of a taxpayer\u2019s total expenses as related to exempt income, if the taxpayer\u2019s own calculation is unsatisfactory. The rule typically involves:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Direct expenses<\/strong>: Any specific expenses clearly incurred to earn exempt income (for example, an investment advisory fee for managing tax-free bond portfolios).<\/li>\n\n\n\n<li><strong>Interest cost allocation<\/strong>: A proportion of overall interest expense, if the taxpayer has borrowed funds that could be financing investments yielding exempt income. This is usually based on the ratio of investments (that generate exempt income) to total assets.<\/li>\n\n\n\n<li><strong>Administrative\/overhead proxy<\/strong>: A flat percentage of the average value of investments that produce tax-free income, to account for general administrative expenses (for instance, management and maintenance costs). Historically this rate is 0.5% per Rule&nbsp;8D(2)(iii), though in this case the AO used 1% which doubled the effect<a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=The%20AO%20computed%20a%201,11%20crore\"><\/a>.<\/li>\n<\/ul>\n\n\n\n<p>Importantly,&nbsp;<strong>Rule&nbsp;8D is not applied automatically<\/strong>. The tax officer&nbsp;<strong>must first examine the taxpayer\u2019s accounts and explanation<\/strong>. If the officer&nbsp;<strong>finds that the taxpayer\u2019s own disallowance (or claim of having no related expense) is not correct or adequate<\/strong>,&nbsp;<strong>and records reasons<\/strong>&nbsp;for this dissatisfaction, only then can the Rule&nbsp;8D formula be invoked<a href=\"https:\/\/tax2win.in\/guide\/section-14a-rule-8d-income-tax#:~:text=The%20section%20further%20provides%20an,in%20the%20following%20cases%20%E2%80%93\"><\/a><a href=\"https:\/\/tax2win.in\/guide\/section-14a-rule-8d-income-tax#:~:text=Further%2C%20before%20invoking%20Rule%208D%2C,expenditure%20for%20earning%20tax%3Ffree%20income\"><\/a>. In other words, the law requires a recorded justification \u2013 the officer can\u2019t arbitrarily pick a formulaic disallowance without showing why the assessee\u2019s calculation is unsound. This safeguard was central to Aishwarya Rai\u2019s case.<\/p>\n\n\n\n<h2 class=\"wp-block-heading alignfull has-text-align-center\"><a href=\"https:\/\/itat.gov.in\" target=\"_blank\" rel=\"noreferrer noopener\">The AO\u2019s Rationale: Applying Section&nbsp;14A Mechanically<\/a><\/h2>\n\n\n\n<p>In Aishwarya\u2019s scrutiny assessment, the&nbsp;<strong>Assessing Officer rejected her \u20b949 lakh self-disallowance<\/strong>&nbsp;as too low<a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=Aishwarya%20Rai%20Bachchan%20had%20filed,used%20for%20earning%20exempt%20income\"><\/a>. The AO noted that she had made large investments and earned substantial exempt income (around \u20b92.15 crore of tax-free interest\/dividends in that year). The officer\u2019s rationale was that&nbsp;<strong>interest-free funds were used to earn exempt income<\/strong>, and therefore a higher proportion of expense needed to be disallowed under Section&nbsp;14A<a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=Aishwarya%20Rai%20Bachchan%20had%20filed,used%20for%20earning%20exempt%20income\"><\/a>. Without pinpointing specific expenses that she missed, the AO resorted to Rule&nbsp;8D\u2019s presumptive formula.<\/p>\n\n\n\n<p>Using a&nbsp;<strong>1% of average investments<\/strong>&nbsp;approach, the AO calculated about&nbsp;<strong>\u20b94.60 crore<\/strong>&nbsp;as the total expenditure allocable to exempt income<a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=The%20AO%20computed%20a%201,11%20crore\"><\/a>. Since Aishwarya had already disallowed \u20b949.08 lakh herself, the AO&nbsp;<strong>added an extra \u20b94.11 crore<\/strong>&nbsp;on top of her computation<a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=The%20AO%20computed%20a%201,11%20crore\"><\/a>. Essentially, the tax officer believed her actual expenses didn\u2019t matter \u2013 a fixed percentage of her investments was disallowed as a matter of course. This&nbsp;<strong>\u201cbroad-brush\u201d method<\/strong>&nbsp;ignored the fact that&nbsp;<strong>her entire actual expenditure that year was only ~\u20b92.48 crore<\/strong><a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=The%20Commissioner%20of%20Income%20Tax,A%29%20deleted%20the%20excess%20disallowance\"><\/a>. The disallowance was therefore not only significantly higher than her own calculation, but even&nbsp;<strong>higher than all the expenses she actually incurred in the year<\/strong>, which raised concerns of overreach.<\/p>\n\n\n\n<p>The AO also did&nbsp;<strong>not explicitly document why<\/strong>&nbsp;he thought her \u20b949&nbsp;lakh allocation was insufficient beyond citing the Section&nbsp;14A\/Rule&nbsp;8D mandate. There was&nbsp;<strong>no specific finding of any particular expense<\/strong>&nbsp;that was improperly claimed. This lack of a reasoned basis and the evidently excessive figure set the stage for appeal.<\/p>\n\n\n\n<h2 class=\"wp-block-heading alignwide has-text-align-center\"><a href=\"http:\/\/NRI Wins Capital Gains Tax Dispute in Delhi High Court Despite \u20b946 Lakh Demand Notice\">CIT(A)\u2019s Findings: Partial Relief for the Taxpayer<\/a><\/h2>\n\n\n\n<p>On appeal, the Commissioner of Income Tax (Appeals) \u2013 a senior appellate authority \u2013 examined the issue. The&nbsp;<strong>CIT(A) noted that Aishwarya\u2019s total expenses were around \u20b92.48 crore<\/strong>, a figure far below the AO\u2019s computed disallowance<a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=The%20Commissioner%20of%20Income%20Tax,A%29%20deleted%20the%20excess%20disallowance\"><\/a>. The CIT(A) found the AO\u2019s use of 1% of investments&nbsp;<strong>\u201cwithout demonstrating the link\u201d<\/strong>&nbsp;between those funds and any actual expense to be flawed<a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=The%20Commissioner%20of%20Income%20Tax,A%29%20deleted%20the%20excess%20disallowance\"><\/a>. In simpler terms,&nbsp;<strong>the AO had not shown any actual expenditure that warranted disallowing beyond what the taxpayer already did<\/strong>.<\/p>\n\n\n\n<p>The CIT(A) observed that&nbsp;<strong>Rule&nbsp;8D is meant to estimate expenses only when necessary, not to inflate disallowances beyond reality<\/strong>. Applying a flat rate in this case was deemed&nbsp;<strong>unreasonable and not backed by facts<\/strong>. Importantly, the CIT(A) highlighted the legal requirement that the AO must record&nbsp;<strong>satisfaction<\/strong>&nbsp;(with reasons) if rejecting the taxpayer\u2019s computation \u2013 which was not done here. In support, the CIT(A) even referenced the Supreme Court\u2019s ruling in&nbsp;<em>Maxopp Investment Ltd. v. CIT (2018)<\/em>, a case which underscored that the&nbsp;<strong>tax officer must objectively scrutinize the assessee\u2019s calculation before making a higher disallowance<\/strong><a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=The%20Income%E2%80%91Tax%20Appellate%20Tribunal%2C%20Mumbai,CIT%20%282018\"><\/a>.<\/p>\n\n\n\n<p>As a result, the CIT(A)&nbsp;<strong>deleted the \u20b94.11 crore additional disallowance<\/strong>, effectively accepting that Aishwarya\u2019s&nbsp;<strong>suo motu \u20b949&nbsp;lakh<\/strong>&nbsp;disallowance was sufficient<a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=The%20Commissioner%20of%20Income%20Tax,A%29%20deleted%20the%20excess%20disallowance\"><\/a>. This outcome meant that only the amount the actress herself had disallowed would stand, and nothing further, since the Revenue had not justified any higher figure. Unsurprisingly, the Income Tax Department (the Revenue) was dissatisfied with this decision and&nbsp;<strong>appealed to the ITAT<\/strong>, arguing that the CIT(A) had wrongly favored the taxpayer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading alignfull has-text-align-center\"><a href=\"http:\/\/caalokkumar.com\">ITAT Ruling: No Disallowance Beyond Actual Expenditure<\/a><\/h2>\n\n\n\n<p>The Mumbai Bench of the&nbsp;<strong>Income Tax Appellate Tribunal (ITAT)<\/strong>&nbsp;analyzed the case and ultimately&nbsp;<strong>upheld the CIT(A)\u2019s decision in Aishwarya Rai Bachchan\u2019s favor<\/strong><a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=On%20appeal%20by%20the%20Revenue,disallowance%2C%20the%20addition%20lacked%20substance\"><\/a>. The ITAT dismissed the Revenue\u2019s appeal, reinforcing some key principles:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Lack of AO\u2019s \u201cSatisfaction\u201d:<\/strong>&nbsp;The tribunal noted that the AO&nbsp;<strong>failed to record a clear reason<\/strong>&nbsp;for why the \u20b949 lakh already disallowed by Aishwarya was inadequate<a href=\"https:\/\/abcaus.in\/income-tax\/itat-relief-aishwarya-rai-bachchan-accepting-suo-moto-disallowance-us-14a.html#:~:text=Before%20the%20Tribunal%20the%20assessee,the%20explanation%20of%20the%20assessee\"><\/a><a href=\"https:\/\/abcaus.in\/income-tax\/itat-relief-aishwarya-rai-bachchan-accepting-suo-moto-disallowance-us-14a.html#:~:text=The%20ITAT%20further%20noted%20that,allowed%20relief%20to%20the%20assessee\"><\/a>. This procedural step is mandatory under Section&nbsp;14A(2)\/(3). Simply invoking Rule&nbsp;8D without explaining the necessity renders the disallowance invalid. The ITAT echoed that&nbsp;<strong>unless the AO can show how the taxpayer\u2019s calculation is wrong, the taxpayer\u2019s figure should be accepted<\/strong>&nbsp;by default<a href=\"https:\/\/abcaus.in\/income-tax\/itat-relief-aishwarya-rai-bachchan-accepting-suo-moto-disallowance-us-14a.html#:~:text=The%20ITAT%20further%20noted%20that,allowed%20relief%20to%20the%20assessee\"><\/a>.<\/li>\n\n\n\n<li><strong>Disallowance Cannot Exceed Actual Expenses:<\/strong>&nbsp;It struck the Tribunal as illogical that the computed disallowance (\u20b94.60&nbsp;crore total)&nbsp;<strong>far exceeded the actual expenditure (\u20b92.48&nbsp;crore)<\/strong>&nbsp;incurred by the assessee<a href=\"https:\/\/abcaus.in\/income-tax\/itat-relief-aishwarya-rai-bachchan-accepting-suo-moto-disallowance-us-14a.html#:~:text=It%20was%20further%20pointed%20out,the%20AO%20which%20is%20preposterous\"><\/a>. Disallowing more expense than was actually paid or booked in the accounts is&nbsp;<strong>\u201cdevoid of any logic and clearly unreasonable,\u201d<\/strong>&nbsp;the ITAT observed<a href=\"https:\/\/abcaus.in\/income-tax\/itat-relief-aishwarya-rai-bachchan-accepting-suo-moto-disallowance-us-14a.html#:~:text=The%20Tribunal%20further%20opined%20that,of%20the%20settled%20legal%20position\"><\/a>. In other words,&nbsp;<strong>Rule&nbsp;8D cannot be used to conjure a fictional expense amount<\/strong>&nbsp;\u2013 it is meant to apportion real expenses, not inflate them. The tribunal firmly stated that&nbsp;<strong>no disallowance under Section&nbsp;14A\/Rule&nbsp;8D should ever exceed the actual expenditure claimed<\/strong><a href=\"https:\/\/abcaus.in\/income-tax\/itat-relief-aishwarya-rai-bachchan-accepting-suo-moto-disallowance-us-14a.html#:~:text=It%20was%20further%20pointed%20out,the%20AO%20which%20is%20preposterous\"><\/a><a href=\"https:\/\/abcaus.in\/income-tax\/itat-relief-aishwarya-rai-bachchan-accepting-suo-moto-disallowance-us-14a.html#:~:text=The%20Tribunal%20further%20opined%20that,of%20the%20settled%20legal%20position\"><\/a>.<\/li>\n\n\n\n<li><strong>Investments with No Exempt Yield to be Excluded:<\/strong>&nbsp;The ITAT also pointed out that the&nbsp;<strong>AO shouldn\u2019t have included investments that<\/strong>&nbsp;did not actually produce any tax-free income in that year** when calculating the disallowance<a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=Investments%20that%20did%20not%20generate,11%20crore\"><\/a>. This is a subtle but important aspect \u2013 if certain holdings yielded no dividend or exempt return in the relevant period, allocating expenses to them under Section&nbsp;14A is questionable. The disallowance is meant to correlate to earning exempt income; idle or non-income-generating investments shouldn\u2019t inflate the calculation.<\/li>\n\n\n\n<li><strong>AO\u2019s Mechanical Approach Rejected:<\/strong>&nbsp;Overall, the Tribunal found that the AO&nbsp;<strong>took a mechanical, \u201cone-size-fits-all\u201d approach<\/strong>&nbsp;by applying 1% across the board,&nbsp;<strong>without examining the actual accounts and submissions<\/strong>&nbsp;of the taxpayer<a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=On%20appeal%20by%20the%20Revenue,disallowance%2C%20the%20addition%20lacked%20substance\"><\/a>. Aishwarya\u2019s counsel had given detailed replies during assessment, explaining that very minimal expenses were linked to her tax-free earnings, but the AO ignored these arguments<a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=Investments%20that%20did%20not%20generate,a%20result%2C%20the%20Tribunal%20deleted\"><\/a>. The ITAT regarded this as a failure on the AO\u2019s part to engage with the facts. Since&nbsp;<strong>the AO \u201chad not articulated any reasoned basis\u201d<\/strong>&nbsp;to doubt the assessee\u2019s computation and the proposed addition was disproportionate, the ITAT confirmed that&nbsp;<strong>the additional \u20b94.11 crore disallowance lacked any merit<\/strong><a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=On%20appeal%20by%20the%20Revenue,disallowance%2C%20the%20addition%20lacked%20substance\"><\/a>.<\/li>\n<\/ul>\n\n\n\n<p>By ruling in her favor, the ITAT&nbsp;<strong>deleted the entire \u20b94.11 crore addition<\/strong>&nbsp;and&nbsp;<strong>confirmed that her original self-disallowed \u20b949 lakh was appropriate<\/strong><a href=\"https:\/\/abcaus.in\/income-tax\/itat-relief-aishwarya-rai-bachchan-accepting-suo-moto-disallowance-us-14a.html#:~:text=proper%20appreciation%20of%20facts%20in,of%20the%20settled%20legal%20position\"><\/a>. In summary, Aishwarya Rai Bachchan\u2019s appeal prevailed because the tax department could not justify a larger disallowance either in law or on facts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading alignwide has-text-align-center\"><a href=\"http:\/\/wealth4india.com\" target=\"_blank\" rel=\"noreferrer noopener\">Judicial Principles Reinforced (Maxopp, Godrej &amp; Boyce, etc.)<\/a><\/h2>\n\n\n\n<p>This case highlights and reinforces broader judicial principles governing Section&nbsp;14A, as established in landmark rulings like&nbsp;<em>Maxopp Investment Ltd. (SC, 2018)<\/em>&nbsp;and&nbsp;<em>Godrej &amp; Boyce Mfg. Co.<\/em>&nbsp;(Bombay HC &amp; SC). Firstly,&nbsp;<strong>the tax officer must apply Section&nbsp;14A with care and not by rote<\/strong>. The&nbsp;<strong>\u201crecorded satisfaction\u201d requirement<\/strong>&nbsp;is not a mere technicality \u2013 it ensures the AO actually identifies why a taxpayer\u2019s own disallowance is too low. The Supreme Court in&nbsp;<em>Maxopp<\/em>&nbsp;underscored that the&nbsp;<strong>process under Section&nbsp;14A is<\/strong>triggered only if the AO is not satisfied with the assessee\u2019s calculation and documents that fact**, preventing arbitrary or excessive claims by the Revenue. In Aishwarya\u2019s case, this principle was clearly in play: the absence of a cogent reason by the AO undermined the additional disallowance.<\/p>\n\n\n\n<p>Secondly, courts have consistently held that&nbsp;<strong>Section&nbsp;14A disallowances should bear a relationship to<\/strong>actual expenditure incurred&nbsp;<strong>to earn exempt income. The&nbsp;<em>Godrej &amp; Boyce<\/em>&nbsp;jurisprudence, for instance, emphasized that<\/strong>&nbsp;conjectural or excess disallowances \u2013 especially those disconnected from real outlays \u2013 are impermissible<strong>. The ITAT\u2019s comment that a \u20b94.60&nbsp;crore disallowance against \u20b92.48&nbsp;crore of expenses was \u201cdevoid of logic\u201d is a practical affirmation of this rule. In fact, some high courts (e.g. in&nbsp;<em>Joint Investments Pvt. Ltd.<\/em>&nbsp;and other cases) have gone further to say that disallowance under Section&nbsp;14A should<\/strong>&nbsp;not exceed the exempt income** earned in that year \u2013 reinforcing that it\u2019s not meant to punish taxpayers with an overkill formula.<\/p>\n\n\n\n<p>Finally, the ruling touches on the idea that&nbsp;<strong>only investments yielding exempt income should factor into the disallowance computation<\/strong>. This aligns with a commonsense principle: if an asset didn\u2019t produce any tax-free income, then expenses associated with it (if any) shouldn\u2019t be disallowed under Section&nbsp;14A for that year. While the law on that specific point has seen differing views, the ITAT\u2019s stance here adds to the pro-taxpayer perspective that&nbsp;<strong>the scope of Section&nbsp;14A is confined to the actual scenario of earning exempt income, not just having investments<\/strong>.<\/p>\n\n\n\n<p>In short, the outcome of this case resonates with the higher court doctrines \u2013&nbsp;<strong>don\u2019t overshoot the actual expense, follow the section\u2019s conditions strictly, and keep the calculation reasonable and rooted in facts<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading alignwide has-text-align-center\"><a href=\"http:\/\/itrkendra.com\">Similar High-Profile and Bollywood Celebrity Tax Disputes for Context<\/a><\/h2>\n\n\n\n<p>Aishwarya\u2019s victory is one in a line of high-profile tax cases where Bollywood celebrities have contested aggressive tax adjustments. For instance,&nbsp;<strong>Amitabh Bachchan<\/strong>&nbsp;faced a well-known tax dispute years ago regarding his income from the show&nbsp;<em>Kaun Banega Crorepati (KBC)<\/em>. In that case, he had initially claimed certain expenses and later withdrew that claim, which led to a legal tussle. The&nbsp;<strong>Supreme Court eventually intervened<\/strong>, allowing the tax department to&nbsp;<strong>re-examine his assessments<\/strong>&nbsp;on the reasoning that large expense claims (followed by withdrawal) warranted proper scrutiny in the&nbsp;<strong>interest of the Revenue<\/strong><a href=\"https:\/\/www.scconline.com\/blog\/post\/2016\/05\/11\/cit-allowed-to-revise-the-assessment-order-for-amitabh-bachchans-income-for-the-year-2001-2002\/#:~:text=Supreme%20Court%3A%20In%20a%20case,the%20interest%20of%20the%20Revenue\"><\/a>. That episode underscored that even legendary actors are not beyond the reach of Section&nbsp;14A-like issues: if substantial tax-free receipts or expense claims are involved, authorities will closely investigate whether any disallowance is needed. In Mr. Bachchan\u2019s case, while the facts differed from Aishwarya\u2019s, the underlying theme was similar \u2013 the tax officer must not overlook potential disallowable expenses, and conversely, cannot conjure disallowances without basis.<\/p>\n\n\n\n<p>Similarly,&nbsp;<strong>Shah Rukh Khan<\/strong>&nbsp;recently had a significant win in a tax matter. In a dispute over his&nbsp;<strong>income from the film \u2019Ra.One\u2019 (Assessment Year 2012\u201313)<\/strong>, the ITAT ruled in SRK\u2019s favor and quashed a reassessment order by the tax department<a href=\"https:\/\/timesofindia.indiatimes.com\/entertainment\/hindi\/bollywood\/news\/shah-rukh-khan-wins-major-tax-case-as-itat-dismisses-issues-over-raone-earnings\/articleshow\/118842642.cms#:~:text=Bollywood%20actor%20Shah%20Rukh%20Khan,year%20statutory%20limit\"><\/a>. The tax authorities had attempted to deny him certain claims (in his case, foreign tax credits and related deductions), but the tribunal found that the department acted beyond permitted time limits and without fresh evidence<a href=\"https:\/\/timesofindia.indiatimes.com\/entertainment\/hindi\/bollywood\/news\/shah-rukh-khan-wins-major-tax-case-as-itat-dismisses-issues-over-raone-earnings\/articleshow\/118842642.cms#:~:text=Bollywood%20actor%20Shah%20Rukh%20Khan,year%20statutory%20limit\"><\/a><a href=\"https:\/\/timesofindia.indiatimes.com\/entertainment\/hindi\/bollywood\/news\/shah-rukh-khan-wins-major-tax-case-as-itat-dismisses-issues-over-raone-earnings\/articleshow\/118842642.cms#:~:text=As%20per%20Business%20Standard%2C%20The,Entertainment%2C%20a%20company%20he%20founded\"><\/a>. While this case revolved around reassessment and foreign tax credit rather than Section&nbsp;14A, it highlights a common thread:&nbsp;<strong>Bollywood stars often find themselves defending the correctness of their tax filings and claims<\/strong>, and the appellate tribunals\/courts frequently have to ensure that tax law is applied fairly rather than punitively. Other celebrities like&nbsp;<strong>Salman Khan, Deepika Padukone, and Priyanka Chopra<\/strong>&nbsp;have also reportedly been subject to tax inquiries or adjustments in the past (ranging from undeclared incomes to disallowances of expenses), indicating that the tax department keeps a close watch on high earners. The key takeaway is that the principles of law \u2013 such as proper procedure and evidence \u2013 apply equally to celebrities and common taxpayers. High-profile cases tend to shine a spotlight on these principles, as seen in the Bachchan and Khan cases, reinforcing them for everyone.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"659\" src=\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-05-at-9.55.36-PM-1024x659.png\" alt=\"\" class=\"wp-image-1243\" srcset=\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-05-at-9.55.36-PM-1024x659.png 1024w, https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-05-at-9.55.36-PM-300x193.png 300w, https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-05-at-9.55.36-PM-768x495.png 768w, https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-05-at-9.55.36-PM-1536x989.png 1536w, https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-05-at-9.55.36-PM.png 1910w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><a href=\"http:\/\/caindwarka.com\" target=\"_blank\" rel=\"noreferrer noopener\">Broader Implications for Taxpayers and Practitioners<\/a><\/h2>\n\n\n\n<p>The ITAT\u2019s ruling in Aishwarya Rai Bachchan\u2019s case carries important implications for taxpayers and tax practitioners dealing with Section&nbsp;14A disputes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Substance Over Formula:<\/strong>&nbsp;The decision makes it clear that&nbsp;<strong>tax officers cannot blindly rely on Rule&nbsp;8D formulas<\/strong>&nbsp;to jack up disallowances. Any disallowance must be grounded in the taxpayer\u2019s actual expense pattern. If a computed number overshoots reality, it won\u2019t hold up on appeal<a href=\"https:\/\/abcaus.in\/income-tax\/itat-relief-aishwarya-rai-bachchan-accepting-suo-moto-disallowance-us-14a.html#:~:text=It%20was%20further%20pointed%20out,the%20AO%20which%20is%20preposterous\"><\/a><a href=\"https:\/\/abcaus.in\/income-tax\/itat-relief-aishwarya-rai-bachchan-accepting-suo-moto-disallowance-us-14a.html#:~:text=The%20Tribunal%20further%20opined%20that,of%20the%20settled%20legal%20position\"><\/a>. Practitioners should therefore document actual expenditures and their nexus (or lack thereof) to exempt income, to counter unreasonably high disallowances.<\/li>\n\n\n\n<li><strong>AO\u2019s Mandatory Duty of Explanation:<\/strong>&nbsp;Taxpayers should note that if they have already made a&nbsp;<strong>reasonable suo motu disallowance<\/strong>, the AO&nbsp;<strong>must give a cogent reason to disagree with it<\/strong><a href=\"https:\/\/abcaus.in\/income-tax\/itat-relief-aishwarya-rai-bachchan-accepting-suo-moto-disallowance-us-14a.html#:~:text=The%20ITAT%20further%20noted%20that,allowed%20relief%20to%20the%20assessee\"><\/a>. This ruling reinforces that&nbsp;<strong>any Section&nbsp;14A adjustment requires a recorded satisfaction note by the AO<\/strong>. In practice, if an assessing officer adds a disallowance without explicitly addressing the taxpayer\u2019s own calculation, that addition is vulnerable to challenge. Advisors can cite this case to insist on transparency and reasoning in assessment orders.<\/li>\n\n\n\n<li><strong>Ceiling on Disallowances:<\/strong>&nbsp;The outcome affirms an intuitive cap:&nbsp;<strong>the disallowance under Section&nbsp;14A cannot exceed the actual expenditure claimed<\/strong>&nbsp;in the accounts<a href=\"https:\/\/abcaus.in\/income-tax\/itat-relief-aishwarya-rai-bachchan-accepting-suo-moto-disallowance-us-14a.html#:~:text=It%20was%20further%20pointed%20out,the%20AO%20which%20is%20preposterous\"><\/a>. It also hints at the principle (supported by other rulings) that the disallowance should ideally not exceed the&nbsp;<strong>exempt income earned<\/strong>. This puts a natural check on overzealous computations. Tax professionals can leverage this point \u2013 if an AO\u2019s calculation overshoots either the expense or the exempt income, it\u2019s a strong ground for appeal.<\/li>\n\n\n\n<li><strong>Selective Investment Consideration:<\/strong>&nbsp;The tribunal\u2019s comment about excluding investments that didn\u2019t yield exempt income in the year<a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=Investments%20that%20did%20not%20generate,11%20crore\"><\/a>&nbsp;is a reminder to officers and taxpayers alike to be nuanced. Practitioners should argue to&nbsp;<strong>remove such investments from the Rule&nbsp;8D base<\/strong>; conversely, taxpayers should be prepared with details of income-yielding vs non-yielding investments to make this argument.<\/li>\n\n\n\n<li><strong>Reaffirming Fairness in Tax Administration:<\/strong>&nbsp;At a higher level, this ruling (and others like it) reassures that appellate bodies will step in to correct unfair or unfounded additions. It encourages taxpayers to&nbsp;<strong>appeal unreasonable Section&nbsp;14A adjustments<\/strong>, knowing that tribunals and courts consistently uphold the principle that&nbsp;<strong>only genuine expenditure attributable to exempt income should be disallowed \u2013 nothing more, nothing less<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>In conclusion, the&nbsp;<strong>ITAT\u2019s judgment in favor of Aishwarya Rai Bachchan<\/strong>&nbsp;not only resolves her individual case but also strengthens the precedent for&nbsp;<strong>equitable application of Section&nbsp;14A<\/strong>. It serves as a caution to tax authorities against excessive disallowances and provides taxpayers and their advisors with authoritative support to ensure that tax-free income adjustments are made judiciously. This case will likely be cited in future disputes to emphasize that&nbsp;<strong>tax law is about reasonable estimations grounded in reality, not aggressive overreach<\/strong>, thereby contributing to a more balanced resolution of Section&nbsp;14A controversies moving forward.<\/p>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2025\/11\/ITAT-Mumbai-Aiswarya-Roy-Bachhan.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of ITAT Mumbai - Aiswarya Roy Bachhan.\"><\/object><a id=\"wp-block-file--media-53077e6d-6e93-4e32-aaeb-692c81387e0c\" href=\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2025\/11\/ITAT-Mumbai-Aiswarya-Roy-Bachhan.pdf\">ITAT Mumbai &#8211; Aiswarya Roy Bachhan<\/a><a href=\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2025\/11\/ITAT-Mumbai-Aiswarya-Roy-Bachhan.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-53077e6d-6e93-4e32-aaeb-692c81387e0c\">Download<\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading alignwide has-text-align-center\"><a href=\"https:\/\/www.taxscan.in\/top-stories\/itat-upholds-itr-of-aishwarya-rai-bachchan-deletes-411crore-disallowance-us-14a-1436416#:~:text=The%20AO%20computed%20a%201,11%20crore\"><\/a><a href=\"http:\/\/NRI Wins Capital Gains Tax Dispute in Delhi High Court Despite \u20b946 Lakh Demand Notice\">&nbsp;Also Read NRI Wins Capital Gains Tax Dispute in Delhi High Court Despite \u20b946 Lakh Demand Notice <\/a><\/h2>\n\n\n\n<p><a href=\"https:\/\/caalokkumar.com\/my-writing\/nri-wins-capital-gains-tax-dispute-in-delhi-high-court-despite-%e2%82%b946-lakh-demand-notice\/\">https:\/\/caalokkumar.com\/my-writing\/nri-wins-capital-gains-tax-dispute-in-delhi-high-court-despite-%e2%82%b946-lakh-demand-notice\/<\/a><\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong><em>ITAT ruling, Section 14A, Rule 8D, exempt income disallowance, Aishwarya Rai Bachchan tax case, income tax tribunal order, celebrity tax relief, income tax India&nbsp;#AishwaryaRaiBachchan #ITAT #IncomeTaxIndia #Section14A #Rule8D #TaxRelief #FinanceNews #IncomeTax #TaxCompliance #CAUpdates #HNItaxation<\/em><\/strong><\/h5>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-ca-alok-kumar wp-block-embed-ca-alok-kumar\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"f7Q66oRjVr\"><a href=\"https:\/\/caalokkumar.com\/my-writing\/reasons-for-extending-the-income-tax-return-filing-date\/\">Reasons for Extending the Income Tax Return Filing Date<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Reasons for Extending the Income Tax Return Filing Date&#8221; &#8212; CA ALOK KUMAR\" src=\"https:\/\/caalokkumar.com\/my-writing\/reasons-for-extending-the-income-tax-return-filing-date\/embed\/#?secret=OswPpzl2Dq#?secret=f7Q66oRjVr\" data-secret=\"f7Q66oRjVr\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong><em><a href=\"http:\/\/caalokkumar.com\" target=\"_blank\" rel=\"noreferrer noopener\">CA in Dwarka | CA Near Me | Tax Consultant Dwarka | GST Consultant Dwarka | Income Tax Notice Consultant Dwarka | ITR Filing in Dwarka | GST Filing in Dwarka | Net Worth Certificate | Form 15CA-15CB Filing in Dwarka | Income Tax Demand Correction | Income Tax Refund | TDS on Sale of Property | Form 26QB Filing in Dwarka | TDS Filing in Dwarka | Audit Services in Dwarka Delhi | Income Tax Notice Reply Online | Income Tax Notice Reply Format|<\/a><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ITAT Favors Aishwarya Rai Bachchan in \u20b94.11\u202fCrore Section 14A Tax Dispute Background of the Case (AY 2022\u201323)For the Assessment Year 2022\u201323, Aishwarya Rai Bachchan filed returns disclosing around \u20b939.3 crore&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-tax-act-1961"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Aishwarya Rai Bachchan Secures Major Relief from ITAT in \u20b94.11 Cr Section 14A Disallowance - CA ALOK KUMAR<\/title>\n<meta name=\"description\" content=\"Aishwarya Rai Bachchan Secures Major Relief from ITAT in \u20b94.11 Cr Section 14A Disallowance. The Mumbai ITAT recently ruled in favour of Aishwarya Rai Bachchan, deleting a \u20b94.11 crore disallowance made under Section 14A read with Rule 8D for Assessment Year 2022\u201323.Despite her suo motu disallowance of \u20b949.08 lakh, the AO applied a blanket 1% of average investment value, leading to an excessive disallowance that exceeded her total actual expenses (\u20b92.48 crore).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/caalokkumar.com\/my-writing\/aishwarya-rai-bachchan-secures-major-relief-from-itat-in-\u20b94-11-cr-section-14a-disallowance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aishwarya Rai Bachchan Secures Major Relief from ITAT in \u20b94.11 Cr Section 14A Disallowance - CA ALOK KUMAR\" \/>\n<meta property=\"og:description\" content=\"Aishwarya Rai Bachchan Secures Major Relief from ITAT in \u20b94.11 Cr Section 14A Disallowance. The Mumbai ITAT recently ruled in favour of Aishwarya Rai Bachchan, deleting a \u20b94.11 crore disallowance made under Section 14A read with Rule 8D for Assessment Year 2022\u201323.Despite her suo motu disallowance of \u20b949.08 lakh, the AO applied a blanket 1% of average investment value, leading to an excessive disallowance that exceeded her total actual expenses (\u20b92.48 crore).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/caalokkumar.com\/my-writing\/aishwarya-rai-bachchan-secures-major-relief-from-itat-in-\u20b94-11-cr-section-14a-disallowance\/\" \/>\n<meta property=\"og:site_name\" content=\"CA ALOK KUMAR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ca.aloknandan\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/ca.aloknandan\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-05T16:42:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-27T14:38:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2025\/11\/ITAT-AR-Bachhan.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CA ALOK KUMAR\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CA ALOK KUMAR\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/caalokkumar.com\/my-writing\/aishwarya-rai-bachchan-secures-major-relief-from-itat-in-%e2%82%b94-11-cr-section-14a-disallowance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/caalokkumar.com\/my-writing\/aishwarya-rai-bachchan-secures-major-relief-from-itat-in-%e2%82%b94-11-cr-section-14a-disallowance\/\"},\"author\":{\"name\":\"CA ALOK KUMAR\",\"@id\":\"https:\/\/caalokkumar.com\/my-writing\/#\/schema\/person\/6ea496b3e634d37b3de236ed1bfaf657\"},\"headline\":\"Aishwarya Rai Bachchan Secures Major Relief from ITAT in \u20b94.11 Cr Section 14A Disallowance\",\"datePublished\":\"2025-11-05T16:42:58+00:00\",\"dateModified\":\"2025-12-27T14:38:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/caalokkumar.com\/my-writing\/aishwarya-rai-bachchan-secures-major-relief-from-itat-in-%e2%82%b94-11-cr-section-14a-disallowance\/\"},\"wordCount\":3096,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/caalokkumar.com\/my-writing\/#\/schema\/person\/6ea496b3e634d37b3de236ed1bfaf657\"},\"image\":{\"@id\":\"https:\/\/caalokkumar.com\/my-writing\/aishwarya-rai-bachchan-secures-major-relief-from-itat-in-%e2%82%b94-11-cr-section-14a-disallowance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2025\/11\/ITAT-AR-Bachhan.png\",\"articleSection\":[\"Income Tax Act 1961\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/caalokkumar.com\/my-writing\/aishwarya-rai-bachchan-secures-major-relief-from-itat-in-%e2%82%b94-11-cr-section-14a-disallowance\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/caalokkumar.com\/my-writing\/aishwarya-rai-bachchan-secures-major-relief-from-itat-in-%e2%82%b94-11-cr-section-14a-disallowance\/\",\"url\":\"https:\/\/caalokkumar.com\/my-writing\/aishwarya-rai-bachchan-secures-major-relief-from-itat-in-%e2%82%b94-11-cr-section-14a-disallowance\/\",\"name\":\"Aishwarya Rai Bachchan Secures Major Relief from ITAT in \u20b94.11 Cr Section 14A Disallowance - CA ALOK KUMAR\",\"isPartOf\":{\"@id\":\"https:\/\/caalokkumar.com\/my-writing\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/caalokkumar.com\/my-writing\/aishwarya-rai-bachchan-secures-major-relief-from-itat-in-%e2%82%b94-11-cr-section-14a-disallowance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/caalokkumar.com\/my-writing\/aishwarya-rai-bachchan-secures-major-relief-from-itat-in-%e2%82%b94-11-cr-section-14a-disallowance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/caalokkumar.com\/my-writing\/wp-content\/uploads\/2025\/11\/ITAT-AR-Bachhan.png\",\"datePublished\":\"2025-11-05T16:42:58+00:00\",\"dateModified\":\"2025-12-27T14:38:48+00:00\",\"description\":\"Aishwarya Rai Bachchan Secures Major Relief from ITAT in \u20b94.11 Cr Section 14A Disallowance. 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