Rule 8D was not applicable in A.Y. 2006-07 for making disallowance U/s. 14A

ITAT MUMBAI BENCH ‘G’ Great Eastern Shipping Co. Ltd. Versus Additional Commissioner of Income-tax IT Appeal Nos. 4507 & 4992 (Mum.) of 2011 SEPTEMBER 14, 2012 ORDER P.M. Jagtap, Accountant Member. These two appeals being I.T.A. No. 4507/Mum/2011 and I. T. A. No. 4992/Mum/2011 are cross-appeals which are directed against the order of the learned Commissioner of Income-tax (Appeals)-9, Mumbai dated March 15, 2011. First we shall take up the appeal of the Revenue being I.T.A. No. 4992/Mum/2011. 2. In the solitary ground as originally raised in this appeal, the R...