https://www.taxtmi.com/caselaws?id=769642 ITAT Mumbai Special Bench ruled it could proceed with hearing disallowance under Section 14A despite HC admitting identical question in another case. The Bench relied on Summit Securities Ltd. precedent, noting no legal prohibition prevents Special Bench from continuing when similar issues are pending before HC. Revenue's contrary stance in different cases was criticized. Given the matter's age (assessment year 1998-99, appeal from 2004), the Bench emphasized no further delay was warranted and declined to withdraw the reference. en-us Wed, 09 Apr 2025 00:00:00 +0530 Mon, 23 Feb 2026 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769642 ITAT Mumbai Special Bench ruled it could proceed with hearing disallowance under Section 14A despite HC admitting identical question in another case. The Bench relied on Summit Securities Ltd. precedent, noting no legal prohibition prevents Special Bench from continuing when similar issues are pending before HC. Revenue's contrary stance in different cases was criticized. Given the matter's age (assessment year 1998-99, appeal from 2004), the Bench emphasized no further delay was warranted and declined to withdraw the reference. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769642