https://www.taxtmi.com/caselaws?id=205460 The Tribunal allowed the appeal against the disallowance of expenses under Rule 8D for Assessment Year 2006-07. The decision was based on the Bombay High Court ruling that Rule 8D is applicable only from Assessment Year 2008-09, not retroactively. The case was remanded to the Assessing Officer for fresh adjudication without applying Rule 8D, as it was not relevant for the year in question. The appeal was treated as allowed for statistical purposes, with the decision announced immediately after the hearing on 29.11.2010. en-us Mon, 29 Nov 2010 00:00:00 +0530 Mon, 25 Jul 2011 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205460 The Tribunal allowed the appeal against the disallowance of expenses under Rule 8D for Assessment Year 2006-07. The decision was based on the Bombay High Court ruling that Rule 8D is applicable only from Assessment Year 2008-09, not retroactively. The case was remanded to the Assessing Officer for fresh adjudication without applying Rule 8D, as it was not relevant for the year in question. The appeal was treated as allowed for statistical purposes, with the decision announced immediately after the hearing on 29.11.2010. Case-Laws Income Tax Mon, 29 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205460