2015 (4) TMI 1342

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....1. Feeling aggrieved and dissatisfied with the impugned judgment and order passed by the learned Income Tax Appellate Tribunal, 'A' Bench, Ahmedabad dated 28.08.2014 passed in ITA No.866/Ahd/2012 for A.Y.2008-2009, the Revenue has preferred the present tax appeal with the following proposed substantial questions of law:- "(A) Whether on the facts and circumstances of the case as well as law, the....

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....ccount of disallowing interest expenditure of Rs.1,49,710/- and restricting the administrative expenses to Rs.900/- which is not in accordance with the method provided by Rule 8D of the IT Rules and Rule 8D is binding once it is held that expenses have been incurred in relation to exempt income?" 2. Heard Shri Mehta, learned advocate appearing on behalf of the Revenue. 3. So far as proposed ques....

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....lness of amount, we are not inclined to entertain the present appeal with respect to proposed question No.(C). Under the circumstances, present appeal qua proposed question No.(C) is hereby dismissed. However, keeping the question of law, if any, open. 3.2. Now, so far as the proposed question No.(B) is concerned, as on the similar issue in the case of very assessee for earlier assessment years, ....