2023 (3) TMI 483

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....e. RAJIV SHAKDHER, J.: (ORAL) CM No.5866/2023[Application filed on behalf of the appellant seeking condonation of delay of 180 days in re-filing the appeal] 2. This is an application filed on behalf of the appellant/revenue seeking condonation of delay in re-filing the appeal. 2.1 There is a delay of 180 days. 3. The reason given is that certain information was required from the Income Tax De....

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....s been returned by the Commissioner of Income Tax Appeals [in short, "CIT(A)"] to the effect that the appellant made investment in subsidiary/associated companies for strategic purposes. 7.1 The CIT(A) has also found that the respondent/assessee has not earned any dividend income which was exempted under the Act. 7.2 The Tribunal has affirmed these findings of fact and thus sustained the order o....

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....s a judgment dated 20.07.2022, rendered by a coordinate bench of this Court in ITA No.204/2022, titled Principal Commissioner of Income Tax (Central)-2 v. M/s Era Infrastructure (India) Ltd., which has ruled on the amendment which was brought about in Section 14A of the Act via Finance Act 2022. 8.1. The coordinate bench has ruled that the amendment will not operate retrospectively. 8.2. As fa....