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2016 (1) TMI 1386 - AT - Income TaxDisallowance u/s 14A - Held that:- We find that the Hon’ble Court has in the case of Godrej Agrovet Ltd.(2014 (8) TMI 457 - BOMBAY HIGH COURT) Nhas laid down certain guidelines with regard to disallowance to be made u/s.14A of the Act r.w. rule 8D. In our opinion, in the interest of justice the matter should be restored back to the file of the AO for fresh adjudication. He is directed to decide the issue after affording a reasonable opportunity of hearing to the assessee and after the considering the cases relied upon by the AR before us ,including the matter of Godrej Agrovet Ltd.(supra). Effective ground of appeal is decided in favour of the assessee, in part .
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