2016 (12) TMI 1483

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.... 1. This appeal under Section 260A of the Income Tax Act, 1961 (the Act)) challenges the order dated 23.08.2013 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order relates to Assessment Year 2006-07. 2. The revenue urges the following questions of law for our consideration. "(A) Whether on the facts and in the circumstance of the case and in law the Tribunal was just....

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....of 2013 dated 10.12.2015 would apply and the appeal would not be pressed. However, save the bare statement across the bar, nothing is brought on record by the Revenue indicating that the tax effect involved in the present appeal is less than Rs. 20,00,000/-. In fact, this appeal has been adjourned on 16.11.2016, 06.12.2016 and 09.12.2016 at the request of the appellant-Revenue to enable it to file....

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....re considering the question as proposed by the Revenue on merits. 5. Regarding question A (a) The impugned order of the Tribunal has allowed the respondentassessee's appeal by following the decision of this Court in Godrej & Boyce Manufacturing Co. Ltd. Vs. DCIT, 328 ITR 81 (Bom). In the above case, it has been held that for the assessment years prior to Assessment Year 2008-09, Rule 8D of t....