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2022 (12) TMI 651 - HC - Income TaxDisallowance u/s 14A - respondent/assessee had not earned income which was exempt from imposition of tax - Scope of amendment which was brought about in Section 14A - HELD THAT:- Revenue as fairly placed before us a judgment M/s Era Infrastructure (India) Ltd [2022 (7) TMI 1093 - DELHI HIGH COURT] which has ruled on the amendment which was brought about in Section 14A of the Act via Finance Act 2022. The coordinate bench has ruled that the amendment will not operate retrospectively. It appears that the coordinate bench in judgment has referred to judgments passed by other coordinate benches rendered in PCIT v. IL & FS Energy Development Company Ltd. [2017 (8) TMI 732 - DELHI HIGH COURT] and Cheminvest Limited [2015 (9) TMI 238 - DELHI HIGH COURT] As informed that the decision rendered by the Division Bench of this court in PCIT v. IL & FS Energy Development Company Ltd. has been assailed by the appellant/revenue by instituting a special leave petition (SLP), which is pending adjudication. Given these circumstances, since no substantial question of law arises in the present case, at this juncture, the appeal is, accordingly, disposed of.
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