Case Law Details
PCIT Vs Era Infrastructure (India) Ltd. (Delhi High Court)
Court is of the view that the amendment of Section 14A, which is ‘for removal of doubts’ cannot be presumed to be retrospective even where such language is used, if it alters or changes the law as it earlier stood.
FULL TEXT OF THE JUDGMENT/ORDER OF DELHI HIGH COURT
1. Present Income Tax Appeal has been filed challenging the Order dated 10th March, 2021 passed by the Income Tax Appellate Tribunal (‘ITAT’) in ITA No.798/Del/2018 for the Assessment Year 2013-14.
2. Learned Counsel for the Appellant states that ITAT has erred in law in deleting the disallowance of Rs.3,61,53,268/- made by the Assessing Officer under Rule 8D of Income Tax Rules, 1962 read with Section 1 4A of the Income Tax Act, 1961 (‘the Act’).
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