In recent years, it has been observed that a lot of rumbling has been going through the SEO community. As per Gary Illyes of Google, if an SEO strategist does not have a manual action then doesn’t need to submit disavow. In other words, the Penguin 4.0 is no longer associated with demoting and devaluing a link. However, in case of manual actions, where one can witness a demotion for links, may well find a reason to utilize the disavow file.
However, this topic was in trend a year ago among the group of SEO strategist. Hence, one cannot find a link algorithm that would be advantageous if someone uses the disavow feature. One can also see a discussion on the Web Master World and other social networks.