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Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2011 (1) TMI AT This

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2011 (1) TMI 1532 - AT - Income Tax

The ITAT Mumbai allowed the appeal by the assessee related to the assessment year 2006-07, concerning the disallowance u/s.14A of the Act. The Tribunal directed the AO to compute the disallowance in accordance with the judgment of the jurisdictional High Court in Godrej & Boyce Mfg. Ltd. vs. DCIT, stating that Rule 8D is not applicable as it is prospective. The appeal was allowed for statistical purposes.

 

 

 

 

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