{"id":59521,"date":"2026-04-17T12:00:08","date_gmt":"2026-04-17T06:30:08","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pr-cit-v-kumar-housing-corporation-ltd-2025-306-taxman-23-bom-hc\/"},"modified":"2026-04-17T12:00:08","modified_gmt":"2026-04-17T06:30:08","slug":"pr-cit-v-kumar-housing-corporation-ltd-2025-306-taxman-23-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pr-cit-v-kumar-housing-corporation-ltd-2025-306-taxman-23-bom-hc\/","title":{"rendered":"Pr. CIT v. Kumar Housing Corporation Ltd. (2025) 306 Taxman 23 (Bom.) (HC)"},"content":{"rendered":"<p>The Bombay High Court reiterated that Rule 8D would apply only from Assessment Year 2008-09, following the decision of the jurisdictional High Court in Godrej &amp; Boyce Manufacturing Co. Ltd. (328 ITR 81 \/ 4 Taxman 203) (Bom). The High Court further noted that the issue had also come before the Hon\u2019ble Supreme Court in CIT v. Essar Teleholdings Ltd. [2018] 90 taxmann.com 2 \/ 253 Taxman 321 \/ 401 ITR 445 (SC), which affirmed that Rule 8D is prospective in operation and cannot be applied to assessments prior to AY 2008-09. (AY. 2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S.14A: Disallowance of expenditure-Exempt income-Rule 8D-Applied prospectively from AY 2008-09.[R.8D] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-59521","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fu1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=59521"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59521\/revisions"}],"predecessor-version":[{"id":59522,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59521\/revisions\/59522"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=59521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=59521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=59521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}