2018 (12) TMI 582

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..... Rajiv Saxena, Mr. Shard Agarwal and Mr. Ajit Ku. Jha, Advocates. SANJIV KHANNA, J. (ORAL): CM No. 46156/2018 in ITA No. 1234/2018 CM No. 45400/2018 in ITA No. 1179/2018 Exemption allowed subject to all just exceptions. INCOME TAX APPEAL Nos. 1234/2018 and 1179/2018 These appeals by the Revenue under Section 260A of the Income Tax Act, 1961 in the case of Jagson International Limited relate t .....

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..... statement. In case of any difficulty, it will be open to the parties to file an application in this appeal after the decision of the Supreme Court. 4. The above order in respect of the first issue would be in consonance with and in terms of the earlier order dated 26th October, 2018 passed in ITA No.1165/2018 in the case of the respondent-assessee. This order in fact follows the earlier orders o .....

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..... t Year, 2010-11, again there is hardly or no discussion on the said aspect except reference to Rule 8D, as if the Rule is compulsory and mandatory for computing disallowance under Section 14A of the Act. 6. The aforesaid reasoning of the assessing officer cannot be sustained as the Supreme Court in Godrej Boyce Manufacturing Company Limited versus Deputy Commissioner of Income Tax Mumbai & Anr., .....

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