2018 (3) TMI 676 - SCH - Income Tax

Addition u/s 14A - Applicability of Rule 8D - whether shall be applicable retrospectively or shall be applicable from AY 2008-09? - Held that - No ground to interfere with the impugned order. The special leave petitions are, accordingly, dismissed. HC order confirmed 2017 (2) TMI 34 - GUJARAT HIGH COURT HC has held provision of Rule 8D shall be applicable prospectively and shall not be applicable with respect to earlier assessment years. The proposed questions of law are answered against the Revenue and in favour of assessee

Summary

The Supreme Court dismissed the special leave petitions as they found no grounds to interfere with the impugned order. Pending applications were also disposed of.