https://www.taxtmi.com/caselaws?id=206866 The Tribunal allowed the appeal challenging disallowances under rule 8D(2)(ii) and 8D(2)(iii) for AY 2006-07, holding that rule 8D is not retrospective and cannot apply to that assessment year. The disallowances were set aside, and the AO was directed to reconsider the matter in line with the judgment of the Bombay High Court. Additionally, the Tribunal directed a fresh adjudication on the disallowance of capital expenditure on technical know-how fees, allowing the appeal for statistical purposes and instructing the AO to decide the matter afresh based on relevant legal principles and judgments. en-us Fri, 15 Oct 2010 00:00:00 +0530 Mon, 08 Jul 2013 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206866 The Tribunal allowed the appeal challenging disallowances under rule 8D(2)(ii) and 8D(2)(iii) for AY 2006-07, holding that rule 8D is not retrospective and cannot apply to that assessment year. The disallowances were set aside, and the AO was directed to reconsider the matter in line with the judgment of the Bombay High Court. Additionally, the Tribunal directed a fresh adjudication on the disallowance of capital expenditure on technical know-how fees, allowing the appeal for statistical purposes and instructing the AO to decide the matter afresh based on relevant legal principles and judgments. Case-Laws Income Tax Fri, 15 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206866