ITAT Accepts Section 158A Claim as Identical Question of Law Was Pending Before HC

Owens Corning India Pvt. Ltd. Vs ACIT (ITAT Mumbai) The appeal was filed by the assessee against the order dated 28.09.2021 passed by the Commissioner of Income Tax (Appeals)-57, Mumbai, under Section 250 of the Income Tax Act, 1961, for Assessment Year (AY) 2014-15. The appeal came up for hearing pursuant to the order dated 03.02.2023 of the coordinate bench of the Income Tax Appellate Tribunal (ITAT), which had recalled its earlier order dated 24.08.2022, limited to the adjudication of Ground No. 1 raised by the assessee. At the outset, the assessee submitted that it had filed a declaration ...