2015 (2) TMI 1263

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..... 10 (8) TMI 77 - BOMBAY HIGH COURT] directing the Assessing Officer to work out the disallowance on a reasonable basis and not under Rule 8D under the Income Tax Rules for the Assessment Year 200708. The Tribunal has merely followed the decision of the jurisdictional High Court and no fault can be found with the same. Accordingly, no substantial question of law arises in Question (a). Hence dismiss .....

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..... vocate with Mr. Ajay R. Singh, for the Respondent. ORDER This Appeal under Section 260A of the Income Tax Act, 1961 (the Act), challenges the order dated 3rd July, 2012 passed by the Income Tax Appellate Tribunal (the Tribunal) for the Assessment Year 2007-08. 2 The Revenue press the following questions of law for our consideration: (a) Whether on the facts and in the circumstance .....

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..... has been followed by ITAT, Mumbai in the cases referred to in para 5 of the impugned order without appreciating that the above decision in the case of Goetze (India) Ltd. was rendered by the ITAT, Delhi Bench on completely distinguishable set of facts, peculiar to the said case? 3 So far as Question (a) is concerned, we find that the Tribunal has merely followed the decision of this Court in G .....

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