Case Law Details
PCIT Vs Delhi International Airport Pvt. Ltd. (Delhi High Court)
present case is covered by the Division Bench judgment in Cheminvest Ltd. vs. CIT, [2015] 61 com 118 (Delhi), wherein this Court has held that the expression ‘does not form part of the total income’ in Section 14A of the Act means that there should be an actual receipt of income which is not includible in the total income, during the relevant previous year for the purpose of disallowing any expenditure incurred in relation to the said income. In other words, Section 14A will not apply if no exempt income is received or receivable during the relevant previous year.
FULL TEXT OF THE JUDGMENT/ORDER OF DELHI HIGH COURT
CM APPL.43156/2022
1. Keeping in view the averments in the application, the delay in re‑ filing the appeal is condoned.
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