Amendment of Section 14A which is for removal of doubts cannot be presumed to be retrospective

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 10^th March, 2021 passed by the Income Tax Appellate Tribunal (‘ITAT’) in ITA No.798/Del

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