2015 (3) TMI 1239 - HC - Income Tax

Application of Rule 8D(2)(iii) to compute the disallowance out of expenses - Held that - After arguing this appeal for some time and on certain queries from this Court Mr.Suresh Kumar seeks time. He desires to obtain instructions with regard to the computation of income and how the exercise was carried out for complying with rule 8(D)(ii) of the Income Tax Rules. Thus whether with rule 8(D)(ii) and in terms referred by the Commissioner has been invoked and applied or that figures which are required to be taken as per this sub-rule are not taken by the assessing officer. Mr.Suresh Kumar wants to verify the same by referring to the original record in possession of the assessing officer. At the request of Mr.Suresh Kumar stand over to 7th April 2015.

Summary

Title: High Court BOMBAY HIGH COURT Citation: 2015 (3) TMI 1239 - BOMBAY HIGH COURT

Judges: S.C.DHARMADHIKARI AND A.K. MENON, JJ.

Key Points:
- Appeal regarding computation of income under rule 8(D)(ii) of the Income Tax Rules.
- Appellant seeks time to verify figures with assessing officer's records.
- Hearing adjourned to 7th April, 2015.