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Sub-sections (2) and (3) of sec. 14A and Rule 8D are constitutionally valid
Case Law Details
- Case Name
- Godrej & Boyce Mfg. Co. Ltd. Vs. DCIT (Bombay High Court), ITA No. 626/2010
- Appeal Number
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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Godrej & Boyce Mfg. Co. Ltd. Vs. DCIT (Bombay High Court)
Brief: Bombay High Court rules on prospective operation of Rule 8D and upholds the constitutional validity of sub-sections (2) and (3) of section 14A and Rule 8D.
Citation: Godrej & Boyce Mfg. Co. Ltd. Vs. DCIT (Bombay High Court), ITA No. 626/2010 and W.P. 758/2010 dated 12 August 2010
Facts: – The assessee filed its return of income for the Assessment Year (AY) 2002- 03 claiming exemption under section 10(33) (See Note-1 below) of the Income tax Act, 1961 (ITA) in respect of gross dividend earned on shares and units.
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