{"id":59992,"date":"2026-06-02T15:08:55","date_gmt":"2026-06-02T09:38:55","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-avantha-realty-ltd-2025-482-itr-599-calhc\/"},"modified":"2026-06-02T15:08:55","modified_gmt":"2026-06-02T09:38:55","slug":"pcit-v-avantha-realty-ltd-2025-482-itr-599-calhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-avantha-realty-ltd-2025-482-itr-599-calhc\/","title":{"rendered":"PCIT v. Avantha Realty Ltd (2025) 482 ITR 599 (Cal)(HC)"},"content":{"rendered":"<p>Held that the Tribunal had considered the decision in Pr. CIT v. Era Infrastructure (India) Ltd., (2022) 448 ITR 674 (Delhi)(HC), wherein it was held that amendment by the Finance Act, 2022 ((2022) 442 ITR (St) 91) of section 14A by inserting a non obstante clause and an explanation would take effect from April 1, 2022 and could not be presumed to have retrospective effect. (AY.2004-05)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.14A : Disallowance of expenditure-Exempt income&#8211;Amendment by Finance Act, 20221, inserting non obstante clause and Explanation in provision with effect from 1-4-2022-Not retrospective. [R.8D, 260A] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-59992","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fBC","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=59992"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59992\/revisions"}],"predecessor-version":[{"id":59993,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59992\/revisions\/59993"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=59992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=59992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=59992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}