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2010 (12) TMI 423 - AT - Income TaxDisallowance - Expenditure u/s 14A - Applicability of Rule 8D - As per the Hon'ble Bombay High Court in the case of Godrej and Boyce (234 CTR 1) has held that Rule 8D cannot be applied retrospectively - Hence, direct the AO to recompute the disallowance in accordance with the decision of Hon'ble Bombay High Court in the case of Godrej and Boyce and give reasonable opportunity of hearing to the assessee to place all germane material on the record
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