If there is no loss to revenue then there would be no Disallowance and Rule 8D is not applicable for A.Y. 2007-08

Addl. CIT Vs. M/s Abhishek Industries Limited ( ITAT Chandigarh), ITA No.756/Chd/2014, Asstt Year : 2007-08, Date of Decision : 27.10.2015

Both cross appeal are raised against the order of CIT(A) – II, Ludhiana dt. 09.06.2014 for the Assessment year 2007-08.

ITA No.651/Chd/2014

Brief Of The Case

In the case of M/s Trident Limited vs. The Addl. CIT, Assessee raised three matters in its appeal and out of three two

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