TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Delhi High Court: Section 14A Amendment Applies Prospectively From April 1, 2022; No Retrospective Effect.</h1> The Delhi High Court ruled that the amendment to Section 14A of the Income Tax Act, 1961, introduced by the Finance Act, 2022, is to be applied prospectively from April 1, 2022, affecting assessment year 2022-23 onward. The Court dismissed the Revenue's appeal, adhering to previous judgments which stated that no disallowance under Section 14A can be made if no exempt income is earned by the assessee. This decision aligns with the Supreme Court's stance that retrospective provisions cannot be presumed if they alter existing law. The Court's decision remains subject to the Supreme Court's final ruling on related pending cases.
TaxTMI 
TaxTMI 