https://www.taxtmi.com/caselaws?id=212048 The High Court clarified that Rule 8D of the Income Tax Act, 1961 is prospective and applies from the assessment year 2008-09, directing the matter to be reconsidered by the Assessing Officer in light of this ruling. Emphasizing compliance with previous judgments, the Court highlighted the importance of consistency in applying legal provisions. The appeal was disposed of in accordance with the directions from previous judgments, ensuring uniformity and adherence to legal principles. en-us Wed, 28 Mar 2012 00:00:00 +0530 Thu, 12 Apr 2012 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212048 The High Court clarified that Rule 8D of the Income Tax Act, 1961 is prospective and applies from the assessment year 2008-09, directing the matter to be reconsidered by the Assessing Officer in light of this ruling. Emphasizing compliance with previous judgments, the Court highlighted the importance of consistency in applying legal provisions. The appeal was disposed of in accordance with the directions from previous judgments, ensuring uniformity and adherence to legal principles. Case-Laws Income Tax Wed, 28 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212048