2021-TIOL-223-SC-IT

DCIT Vs Bangalore Electricity Supply Company Ltd

Having heard the parties, the Supreme Court issued notices to respective parties directing their appearance for further hearing on the issue of deduction u/s 80IA.

- Notice issued: SUPREME COURT OF INDIA

2021-TIOL-1401-ITAT-DEL

HCL Technologies Ltd Vs DCIT

Whether merely because claim preferred by assessee is unacceptable to Revenue, penalty can be levied u/s 271(1)(c) - NO: ITAT.

- Assessee's appeal allowed: DELHI ITAT

2021-TIOL-1400-ITAT-MUM

RST India Pvt Ltd Vs ACIT

Whether disallowance of expenses u/s 14A is not required as interest paid on loans is used only for purpose of non-agri division activities - YES : ITAT

- Assessee's appeal allowed: MUMBAI ITAT

2021-TIOL-1399-ITAT-MUM

Sony Pictures Networks India Pvt Ltd Vs ACIT

Whether since case in not delayed for fault of assessee and assessee has made partial payment, application for stay can be granted - YES : ITAT

- Assessee's stay spplication allowed: MUMBAI ITAT