TMI Blog2011 (3) TMI 1681X X X X Extracts X X X X X X X X Extracts X X X X ..... p two grounds in the appeal to the effect that the learned CIT(A) erred in sustaining the disallowance of ₹ 26,76,963/-, made by the Assessing Officer by invoking the provisions contained in section 14A of the Act and Rule 8D of the I.T. Rules, 1962 (the Rules). 2. It is the common case of both the parties that the decision of special Bench of Mumbai Tribunal in the case of Daga Capital M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ase. The exercise as per the ratio of this case has not been carried out by the lower authorities. Therefore, the matter is restored to the file of the Assessing Officer to decide the matter of the disallowance or otherwise as per aforesaid decision. In case the decision of any other High Court including the territorial High Court is received till finalization of the assessment pursuant to this or ..... X X X X Extracts X X X X X X X X Extracts X X X X
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