Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SC directs expedited hearing for August 2018 case, no impact on other matters</h1> <h3>PRINCIPAL COMMISSIONER OF INCOME TAX 4 Versus M/s IL AND FS ENERGY DEVELOPMENT COMPANY LTD.</h3> SC ordered to list the matter in the first week of August 2018. The case to be heard on its own merits, with no impact on other pending cases. - PRINCIPAL ... Addition u/s 14A r.w.r. 8D - exempt income necessarily be earned in the AY in question for the applicability of the said provision - whether the disallowance of the expenditure will be made even where the investment has not resulted in any exempt income during the AY in question but where potential exists for exempt income being earned in later AYs? - HELD THAT:- Mr. Sandeep Sethi, learned Additional Solicitor General, submits that though at page (C) of the List of Dates in the petition, it is mentioned that identical issue is pending in some of the other cases particulars whereof are given therein, this case has no bearing with those petitions and has to be heard on its own merits. List the matter in the first week of August, 2018. The Supreme Court ordered to list the matter in the first week of August 2018. The case has no bearing on other pending cases and must be heard on its own merits.