2025 (9) TMI 1358

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.... For The Revenue : Dr. Aparna Villuri, Sr. AR ORDER PER K. NARASIMHA CHARY, J.M: Aggrieved by the order dated 04/01/2024 passed by the learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi ("Ld. CIT(A)"), in the case of Ace Urban Developers Private Limited ("the assessee"), assessee preferred this appeal. 2. Only issue involved in this appeal is the ad....

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....ned CIT(A), assessee preferred this appeal and submitted that the Explanation inserted to section 14A in the Finance Act, 2022 with effect from 01/04/2022 cannot be given retrospective effect and, it is so held by the Hon'ble High Court of Delhi in the case of PCIT vs. Era Infrastructure (India) Limited [2022] 141 taxmann.com 289 (Delhi). 5. Learned Departmental Representative ("learned DR"....