Case Law Details
Case Name : Godrej & Boyce Vs. DCIT (Bombay High Court)
Related Assessment Year :
Courts :
All High Courts Bombay High Court
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Bombay HC held Rule 8D r.w. S. 14A (2) is not arbitrary or unreasonable and Rule 8D is not retrospective and applies from AY 2008-09, for earlier dis allowance can be worked on reasonable basis
Godrej & Boyce Vs. DCIT (Bombay High Court)
The decision in Godrej & Boyce v. DCIT, has not provided as much of a reprieve to assessees as would have been hoped- only holding that the dubious Rule 8D of the Income Tax Rules is to be applied prospectively, while upholding its constitutionality and that of sect
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