2010 (11) TMI 479

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....hi:   In this appeal filed by the assessee against the order dated 09.09.2009 of the learned Commissioner of Income-tax (Appeals) pertaining to the Assessment Year 2006-07, the only issue raised by the assessee is against the CIT(A)'s order in confirming the disallowance of Rs.28,37,906/- made by the Assessing Officer by applying Rule 8D of the Income-tax Rules, 1962 read with sec. 14A of ....

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....8) 26 SOT 603 (Mumbai)(SB).   3. Hence, the assessee is in appeal before us.   4. In the course of hearing of this appeal, it has been pointed out by the learned counsel for the assessee that the decision of Special Bench of ITAT, Mumbai, holding the applicability of Rule 8D to be retrospective in nature, has been over-ruled by the Hon'ble Bombay High Court in the case of Godrej Bo....