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Operation of Rule 8D only from 2008-09 onwards
Case Law Details
- Case Name
- DCIT Vs. Shri Shanti Sarup Reniwal (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08
- Courts
- All ITAT, ITAT Mumbai
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The matter came up in appeal before ITAT in the assessee’s own case and other cases in ITAs No. 453,454,456/M/2010 & 458 & 455/M/2010. During the continuance of these appeals, Hon’ble Bombay High Court came up with the decision in Godrej & Boyce Manufacturing Co. Ltd. V/s DCIT, reported in 328 ITR 81 (Bom), wherein the Hon’ble Bombay High Court held that the operation of Rule 8D shall only be from 2008-09 onwards, and not being retrospective.
INCOME TAX APPELLATE TRIBUNAL,MUMBAI
I.T.A. No.4346/Mum/2011 – (A.Y. 2007-08)
DCIT Vs. Shri Shanti Sarup Reniwal
Date of pr...
