https://www.taxtmi.com/caselaws?id=271450 The Tribunal dismissed the appeal, upholding the order of the CIT(A). It concluded that Rule 8D was not applicable retrospectively to the assessment year 2007-08. The revised return filed by the assessee was deemed invalid as it was not submitted within the permitted timeframe. The original disallowance made by the assessee under Section 14A was considered reasonable and accepted by the AO. The appeal was dismissed, and the decision was rendered on 10.12.2015. en-us Thu, 10 Dec 2015 00:00:00 +0530 Fri, 05 Feb 2016 13:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271450 The Tribunal dismissed the appeal, upholding the order of the CIT(A). It concluded that Rule 8D was not applicable retrospectively to the assessment year 2007-08. The revised return filed by the assessee was deemed invalid as it was not submitted within the permitted timeframe. The original disallowance made by the assessee under Section 14A was considered reasonable and accepted by the AO. The appeal was dismissed, and the decision was rendered on 10.12.2015. Case-Laws Income Tax Thu, 10 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271450