2014 (9) TMI 999 - HC - Income Tax

Disallowance u/s. 14A - Whether ITAT erred in law in holding that for computing disallowance u/s. 14A read with Rule 8D effective from the Assessment Year 2008- 2009? - Held that - Let requisite number of informal paper books containing all relevant papers used before the authority below be filed within eight weeks from date. Let copies of the Paper Books be served along with the notice of appeal on the respondent within a fortnight from the date of preparation of the Paper Book. In default the appeal will stand dismissed. Let the matter appear as For Hearing in the Monthly Combined.

Summary

The Calcutta High Court admitted an appeal regarding the computation of disallowance under section 14A of the Income Tax Act. The court directed the filing of paper books and set a hearing date for February 2015.