In Itxa/1192/2012 Of Commissioner Of Income Tax, Central - I v. M/S. Gtl Limited, the High Court (2013) dismissed the appeal. The decision went in favour of the assessee.
Decision: 4Accordingly, appeal is dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.1192 OF 2012
Commissioner of Income Tax-Central-1
V/s.M/s. GTL Limited
..Appellant...Respondent.
Mr. Charanjeet Chandrapal, for the Appellant.None for the Respondent.
CORAM: J.P.DEVADHAR &
M.S.SANKLECHA,JJ.DATE : 5[th] MARCH, 2013.
P.C:-
Heard.
2In this Appeal by the Revenue for the Assessment Year 2006-07 following question has been raised for our consideration:-
Whether Rule 8D of the Income Tax Rules is applicable retrospectively or prospectively?
3Since the Tribunal has restored the issue to the Assessing Officer to pass a fresh order in the light of the decision of this Court in the
matter of Godrej & Boyce Mfg. Co. Ltd. v/s. DCIT reported in 328 ITR 81, we see no reason to entertain the proposed question of law.
4Accordingly, appeal is dismissed with no order as to costs.
(M.S.SANKLECHA,J.)
(J.P.DEVADHAR,J.)
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