TMI Blog2012 (4) TMI 247X X X X Extracts X X X X X X X X Extracts X X X X ..... decision in Maxopp Investment Ltd. (2011 -TMI - 208569 - Delhi High Court ) for a fresh consideration, the Assessing Officer is bound to comply with the direction and ratio expounded in Maxopp Investment Ltd. - ITA 178/2012 - - - Dated:- 28-3-2012 - MR. JUSTICE SANJIV KHANNA, MR. JUSTICE R.V. EASWAR, JJ. For Appellant: Mr. Sanjeev Sabharwal, sr. standing counsel For Respondent: Mr. R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6-07. This aspect has been noted by the CIT(A) and thereafter, he has worked out disallowance at Rs. 62,67,575/- on the basis of proportion of dividend income and total profit from sale purchase of shares and F O segment which has been taken by him at a figure of Rs. 1243.88 lacs as against dividend income of Rs. 91.69 lacs. There is no basis indicated by him for taking this figure on Rs. 1243 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hi High Court in ITA No. 687/2009 titled Maxopp Investment Ltd. vs. CIT on 18th November, 2011 decided a similar issue and has interpreted Section 14A of the Act. Directions and method of computation of deductions under Section 14A have been explained in the said decision. It has been held that Rule 8D of the Income Tax Rules, 1962 is applicable from the assessment year 2008-09. 3. In all cases ..... X X X X Extracts X X X X X X X X Extracts X X X X
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