2018 (4) TMI 1211

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....Mr. K. Aravind, Standing Counsel for the Respondent. ORAL JUDGMENT: (Per. N. M. Jamdar, J) Heard Mr. Jitendra Jain, learned Advocate for the Petitioner and Mr. K. Aravind, learned Standing Counsel for the Respondent.   2. Admit, on the following question of law: 'Whether the decision of the Income Tax Appellate Tribunal dated 8 September 2017 in the Income Tax Appeal No. 58 of 20....

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....sing Officer passed an order under Section 143(3) of the Income Tax Act assessing income at Rs. 25,28,27,541/-. The Assessing Officer computed disallowance under Section 8D(2)(ii) at Rs. 47,10,440/- and under Section 8D(2) (iii) Rs. 16,53,284/-. The Appellant challenged the assessment by filing an appeal to the Commissioner of Income Tax (Appeals). The appeal was dismissed by order dated 28 Decemb....

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....ted that the Judgment and Order was pronounced by the Income Tax Appellate Tribunal, Panaji on 8 September 2017 without considering the decision of the Special Bench. He submitted that the decision of the Special Bench is binding on the Tribunal. The learned Standing Counsel for the Respondent submitted that the view taken by the Income Tax Appellate Authority, Panaji, is correct.   6. The....