2011 (1) TMI 1532 - ITAT MUMBAI - Income Tax

Extract:
.......g the precedent, we set aside the impugned order and direct the AO to compute disallowance u/s.14A in accordance with the ratio laid down by the Hon’ble jurisdictional High Court in the aforenoted case of Godrej & Boyce Ltd. 4. In the result the appeal is allowed for statistical purposes. Order pronounced on the 19th day of January, 2011.