https://www.taxtmi.com/caselaws?id=190700 The Appellate Tribunal ITAT Mumbai allowed the appeal for assessment year 2007-08, overturning the disallowance of &8377; 81,03,631 u/s. 14A of the Act. The Tribunal set aside the lower authorities' orders based on the Hon'ble Bombay High Court's ruling in Godrej & Boyce Mfg. Co. Ltd. Vs DCIT, stating that Rule 8D of I.T. Rule is applicable from assessment year 2008-09 onwards. The AO was directed to re-decide the disallowance after providing the assessee with a hearing and considering the evidence. The appeal was allowed for statistical purposes. en-us Fri, 02 Dec 2011 00:00:00 +0530 Thu, 23 Feb 2017 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190700 The Appellate Tribunal ITAT Mumbai allowed the appeal for assessment year 2007-08, overturning the disallowance of &8377; 81,03,631 u/s. 14A of the Act. The Tribunal set aside the lower authorities' orders based on the Hon'ble Bombay High Court's ruling in Godrej & Boyce Mfg. Co. Ltd. Vs DCIT, stating that Rule 8D of I.T. Rule is applicable from assessment year 2008-09 onwards. The AO was directed to re-decide the disallowance after providing the assessee with a hearing and considering the evidence. The appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 02 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190700