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TMI Blog2017 (6) TMI 1259X X X X Extracts X X X X X X X X Extracts X X X X ..... in Rule 8D of the Income Tax Rules, 1962? - Held that:- In view of the fact that the issues involved in the present appeal are covered by the judgment of this Court in the case of M/s. Godrej & Boyce Manufacturing Co. Ltd. (2010 (8) TMI 77 - BOMBAY HIGH COURT), no substantial questions of law arise in the present appeal - INCOME TAX APPEAL NO. 24 OF 2015 - - - Dated:- 14-6-2017 - S.V. GANGAPURW ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd in the circumstances of the case and in law, the Tribunal erred in implicitly holding by asking to compute disallowance u/s 14A following the decisions of the Hon'ble Bombay High Court in the case of M/s. Godrej Boyce Mfg. Co. Ltd. V/s. DCIT, that Rule 8D of the Income Tax Rules will come into effect prospectively without appreciating the Rule is a machinery / procedural prescribing mecha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the circumstances of the case and in law, the Tribunal erred in not appreciating that the disallowance as computed under Section 14A was in terms of the formula prescribed in Rule 8D of the Income Tax Rules, 1962? 3. Mr. Malhotra, learned Counsel for the appellant fairly concedes that the issues arising in the present appeal are covered by the judgment of this Court in the case of M/s. Godrej ..... X X X X Extracts X X X X X X X X Extracts X X X X
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