2011 (9) TMI 1168

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....ingh, A.R. Department by : S h. Krishna, C.I.T.(D.R.) ORDER PER SHAMIM YAHYA: AM This appeal by the Assessee is directed against the order of the Ld. Commissioner of Income Tax (Appeals) dated 24.11.2010 pertaining to assessment year 2006-07. 2. The issue raised is that Ld. Commissioner of Income Tax (Appeals) erred in upholding the disallowance of ` 11,42,32,000/- and ` 3,66,72,225....

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....ar 2008- 09. Hence, the present year is A.Y. 2006-07 and Rule 8D is clearly not applicable. 6.1 It was further held that even prior to A.Y. 2008-09, when Rule 8D was not applicable, the Assessing Officer has to enforce the provisions of sub-section (1) of Section 14A. For that purpose, the Assessing Officer is duty bound to determine the expenditure which has been incurred in relation to income....