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TMI Blog2022 (9) TMI 1528X X X X Extracts X X X X X X X X Extracts X X X X ..... e by the Finance Act, 2022 to Section 14A - HELD THAT:- CIT (Appeals) followed the decision of Cheminvest Limited [ 2015 (9) TMI 238 - DELHI HIGH COURT] . Also recently in the case of M/S. ERA INFRASTRUCTURE (INDIA) LTD. [ 2022 (7) TMI 1093 - DELHI HIGH COURT] and Sedco Forex International Drill. Inc [ 2005 (11) TMI 25 - SUPREME COURT] and M.M. Aqua Technologies Ltd. [ 2021 (8) TMI 520 - SUP ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 14A read with Rule 8D of the Act for the Assessment Year 2015-16. 2. At the outset, the ld. Counsel for the assessee submits that during the assessment year the assessee did not receive any exempt income and the ld. CIT (Appeals) deleted the disallowance. Following the decision of the Hon ble Delhi High Court in the case of Cheminvest Limited Vs. CIT (378 ITR 33) . The ld. Counsel further sub ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the decision of the Hon ble Delhi High Court in the case of Cheminvest Limited Vs. CIT (supra) . We further observe that recently the Hon ble Delhi High Court in the case of PCIT Vs. Eros Infrastructure (India) Ltd. (supra) and the Hon ble Delhi High Court following the decision of apex court in the case of Sedco Forex International Drill. Inc Vs. CIT (2005) 12 SCC 717 and the decision of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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