2020 (1) TMI 871

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..... Mr. Atul Jasani for respondent.   P.C.:- Heard learned counsel for the parties. 2. By this Appeal the Appellant challenges the order dated 19 October 2016 in Income Tax Appeal No. 2258/Mum/2011 passed by the Income Tax Appellate Tribunal. 3. The Appeal pertains to the Assessment Year 2003-2004. 4. The following questions have been raised by the Appellant - Revenue as the subs....

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....ase and in law, the Income Tax Appellate Tribunal erred in restricting the disallowance under Section 14A of the Income Tax Act read with 8D made by the Assessing Officer without appreciating that it was correctly worked out as per the method of calculation prescribed in Rule 8D of the Income Tax Rules, 1962 ? (D) On the facts and circumstances of the case and in law, the Income Tax Appel....