Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (2) TMI 1302 - ITAT MUMBAIDisallowance u/s 14A read with Rule 8D as against a dividend income - HELD THAT:- The present assessment year being assessment year 2007-08, the provisions of Rule 8D shall not be applicable as held in the case of Godrej Boyce Mfg. Co. Ltd [2010 (8) TMI 77 - BOMBAY HIGH COURT]. In the above said decision, also held that for the year under consideration, the disallowance has to be computed in a reasonable manner. Hence, we are of the view that this issue requires fresh consideration at the end of the AO. Accordingly, we set aside the order of ld.CIT(A) on this issue and restore the same to the file of the AO with a direction to compute the disallowance u/s 14A accordingly
|