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2020 (1) TMI 1148 - HC - Income TaxAddition u/s 14A r.w.r. 8D - rule 8D applicability prospectively or retrospectively - HELD THAT:- The said issue is no longer res integra in view of the decisions of the Hon'ble Supreme Court in the case of Commissioner of Income Tax Vs. Essar Teleholdings Ltd [2018 (2) TMI 115 - SUPREME COURT] and Godrej & Boyce Manufacturing Company Limited Vs. Deputy Commissioner of Income Tax and another [2017 (5) TMI 403 - SUPREME COURT] in which the Hon'ble Supreme Court has laid down the provisions of Rule 8D of the Income Tax Rules cannot be applied retrospectively. The said Rules were introduced and brought on the Statute Book with effect from 24.03.2008 and the present assessment year involved in the present Appeal is Assessment Year 2002-03. - Decided against the Revenue.
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