High spin states of 114 In were investigated via the reaction Pd110(Li7,3n) at beams energy of 26 and 28 MeV. The newly observed magnetic dipole bands of 114 In in the experiment have been investigated employing the self-consistent tilted axis cranking relativistic mean-field theory based on a point-coupling interaction. A large backbend in the yrast band has been reproduced by the theory based on configuration involving alignment of a pair of positive-parity g7/2/d5/2 neutrons. According to the experimental characteristics and theoretical calculations, the positive-parity dipole band has been assigned as a magnetic rotation band. In addition, the experimental results are also compared with a semiclassical geometric model that employs effective interactions between the proton holes and neutrons as an alternate interpretation for the shears mechanism.