https://www.taxtmi.com/caselaws?id=177988 The Tribunal allowed the assessee's cross objection and partly allowed the revenue's appeal regarding disallowances under sections 14A and 43B of the Income-tax Act. The dispute under section 14A involved the retrospective application of Rule 8D, with the Bombay High Court clarifying that Rule 8D is not retrospective. The disallowance under section 43B for unpaid bonus was deleted based on payment certificates, with the Tribunal directing the assessee to provide proof of payment for verification by the Assessing Officer. en-us Fri, 08 Oct 2010 00:00:00 +0530 Mon, 25 Jan 2016 10:10:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177988 The Tribunal allowed the assessee's cross objection and partly allowed the revenue's appeal regarding disallowances under sections 14A and 43B of the Income-tax Act. The dispute under section 14A involved the retrospective application of Rule 8D, with the Bombay High Court clarifying that Rule 8D is not retrospective. The disallowance under section 43B for unpaid bonus was deleted based on payment certificates, with the Tribunal directing the assessee to provide proof of payment for verification by the Assessing Officer. Case-Laws Income Tax Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177988