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![Operation of Rule 8D for allocating Expenditure in relation to Exempt Income is Prospective in nature: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-Tax-Scan.jpg "Operation of Rule 8D for allocating Expenditure in relation to Exempt Income is Prospective in nature: SC [Read Judgment]")
Operation of Rule 8D for allocating Expenditure in relation to Exempt Income is Prospective in nature: SC [Read Judgment]
While hearing the case of M/S. Essar Telehoidings Ltd, the Supreme Court recently held that operation of Rule 8D of the Income Tax Rules, 1962 for...