2010 (11) TMI 1030 - HC - Income Tax

Summary

The Bombay High Court quashed and set aside an order by the Income Tax Appellate Tribunal, restoring the matter to the Assessing Officer to decide issues in accordance with a previous court decision. The appeal was disposed of accordingly. Key questions were related to the allocation of expenditure to dividend income and the retrospective application of certain sections. The case referenced a decision involving Godrej & Boyce Mfg. Co. Ltd.