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2013 (2) TMI 758 - AT - Income TaxAddition made u/s.14A - Held that:- The Hon'ble Bombay High Court in the case of Godrej & Boyce Mfg. Co.Ltd.[2010 (8) TMI 77 - BOMBAY HIGH COURT] has held that provisions of Rule 8D are applicable from AY 2008-2009 onwards. The provisions of Rule 8D are statutorily mandatory and any working of disallowance u/s 14A is required to be worked out as per formula provided in Rule 8D(2) only. As the appellant itself had offered disallowance u/s 14A more than the disallowance worked out under 14A AO was not justified in disallowing further expenditure u/s 14A.
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