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2019 (1) TMI 960 - HC - Income TaxAddition u/s 14A r.w.r 8D - whether for assessment year 2006-07 the assessing Officer could rely upon Rule 8D of the Rules for working out the disallowance of expenses under Section 14A of the Act? - Held that:- As relying on ESSAR Teleholding Ltd.'s case [2018 (2) TMI 115 - SUPREME COURT OF INDIA] Rule 8D of the Rules is prospective in operation and could not have been applied to any assessment prior to assessment year 2008-09. Hence, the issue is decided against the revenue.
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