https://www.taxtmi.com/caselaws?id=279289 The Tribunal allowed the assessee's Misc. Application regarding the failure to address Ground No.2 in the assessment year 2007-08. Ground No.2 pertained to the disallowance made by the Assessing Officer under section 14A read with Rule 8D of the IT Act. The Tribunal held that for that year, Rule 8D provisions were not applicable and directed the AO to reevaluate and compute the disallowance under section 14A reasonably, following the decision in the Godrej Boyce Mfg. Co. Ltd case. The order favored the assessee, allowing the Misc. Application and treating Ground No.2 as allowed for statistical purposes. en-us Fri, 13 Feb 2015 00:00:00 +0530 Tue, 12 Mar 2019 07:43:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279289 The Tribunal allowed the assessee's Misc. Application regarding the failure to address Ground No.2 in the assessment year 2007-08. Ground No.2 pertained to the disallowance made by the Assessing Officer under section 14A read with Rule 8D of the IT Act. The Tribunal held that for that year, Rule 8D provisions were not applicable and directed the AO to reevaluate and compute the disallowance under section 14A reasonably, following the decision in the Godrej Boyce Mfg. Co. Ltd case. The order favored the assessee, allowing the Misc. Application and treating Ground No.2 as allowed for statistical purposes. Case-Laws Income Tax Fri, 13 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279289