{"id":9393,"date":"2020-02-02T12:25:05","date_gmt":"2020-02-02T12:25:05","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-bank-of-india-bom-hc-ur\/"},"modified":"2020-02-02T12:25:05","modified_gmt":"2020-02-02T12:25:05","slug":"pcit-v-bank-of-india-bom-hc-ur","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-bank-of-india-bom-hc-ur\/","title":{"rendered":"PCIT v. Bank of India ( Bom) (HC) (UR)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that\u00a0 Rule 8D of the Income tax Rules 1962\u00a0is prospective in operation and cannot be applied to any assessment year prior to assessment year 2008 -09. Followed Godrej and Boyce Manufacturing Co Ltd v. Dy. CIT ( 328 ITR 81 ( Bom) (HC) , CIT v. Essar Teleholdings Ltd\u00a0 ( 2018) 90 taxmann.com 2 (SC) \u00a0(ITA No 2966 \/ 3085 \/Mum\/ 2014 dt 13-07- 2016 ) (ITA No .1996 of 2017 dt 23 \u20131 2020 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 14A : Disallowance of expenditure &#8211; Exempt income \u2013 Rule 8D is not applicable  to assessments prior to 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":[1],"tags":[],"class_list":["post-9393","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2rv","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9393","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=9393"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9393\/revisions"}],"predecessor-version":[{"id":9394,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9393\/revisions\/9394"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}