2021-TIOL-896-HC-DEL-IT
Pr.CIT Vs Rural Electrification Corporation Ltd
On appeal, the High Court admits the appeal in respect of the issue pertaining to treatment of interest income which accrued to Cooperative Electrical Supply Society Ltd, Siricilla, which was neither shown as taxable income of the said Society or the assessee. It further directs that the matter be listed in the regular category according to its age and seniority.
- Notice issued : DELHI HIGH COURT
2021-TIOL-695-ITAT-DEL
Tapas Kumar Mallick Vs ACIT
Whether AO can pass assessment order without conducting any enquiry from relevant parties or independent source or evidence – NO: ITAT
- Assessee's appeal allowed: DELHI ITAT
2021-TIOL-694-ITAT-KOL
ACS Traders Pvt Ltd Vs Pr.CIT
Whether assumption of revisional jurisdiction by PCIT is bad in law as AO has already in respect of share transaction taken a plausible view - YES : ITAT
- Assessee's appeal allowed: KOLKATA ITAT
2021-TIOL-693-ITAT-MAD
DCIT Vs Hinduja Leyland Finance Ltd
Whether AO can deny deductions for legitimate expenses incurred in assessee's course of business, otherwise allowable, merely because assessee has changed its method of accounting – NO: ITAT
- Revenue's appeal dismissed: CHENNAI ITAT