Bhishhek Maratha v. Bharat Seats Ltd.

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*IN THE HIGH COURT OF DELH!I AT NEW DELHI
+ ITA 254/2012
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CIT ..... Appellant
Through Mr. 1\bhishek Maratha, Sr.
Standing Counsel.

BHARAT SEATS LTO. ..... Respondent

Through Mr. Arta Trana Panda, Advocate.
HON'BLE MR. JUSTICE SAN.~IV KHANNA
HON'BLE MR. JUSTICE R.V.EASWAR
01.05.2012
Q)
The only issue raised by the Revenue in the present appeal pertains to remit order passed by the Income Tax
Appellate Tribunal in terms of the decision of the Bombay High
Court in the case of Godrej & Boyc,e· Manufacturing Company
Limited

DCIT, (201 0) 328 ITR 81 (Born). In the said decision, it has been held that Rule; 8D is prospective and is applicable with effect from assessment year 2008-09 and is not applicable to the assessment year 2007-08. Similar view has been taken by the Delhi High Court in its decision dated 18th November, 2011 in ITA No. 687/2Gl09, Maxopp Investment
2012:DHC:9837-DB..
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Limited

Commission-er of Income Tax. The
Assessing Officer while examining the issue on remand will keep in mind the directions and the ratio given by the Delhi High Court in the case of Maxopp Investment Limited (supra). The appeal is accordingly dismissed.
MAY 01, 2012
VKR /
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SANJIJKHANNA,J. .
~~~~, R.V. EASWAR, J.
2012:DHC:9837-DB