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2023 (7) TMI 378 - AT - Income TaxDisallowance u/s 14A - earning of exempt income - HELD THAT:- There is no dispute that during the year under consideration the assessee has earned nil exempt income. The Hon’ble High Court of Delhi in the case of Delhi International Airport Private Limited [2022 (10) TMI 300 - DELHI HIGH COURT] has held that sec 14A would not be applicable if no exempt income was received or receivable during the previous year. Also see Era Infrastructure India Limited [2022 (7) TMI 1093 - DELHI HIGH COURT] - Decided in favour of assessee.
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