2017 (7) TMI 1169 - HC - Income Tax

Expenses in relation to income not forming part of total income section 14A Constitutional validity of section 14A - Held that - The said issue is covered by the judgment of this court in the case of Godrej & Boyce Mfg. Co. Ltd. vs. Deputy Commissioner of Income Tax 2010 (8) TMI 77 - BOMBAY HIGH COURT .

Summary

The High Court of Bombay dismissed appeals related to the retrospective applicability of Rule 8D of the Income Tax Rules for Assessment Years 2001-2002 and 2004-2005, citing a previous judgment in the case of Godrej & Boyce Mfg. Co. Ltd. vs. Deputy Commissioner of Income Tax (328 ITR 81). No substantial question of law arose in this case.