AO gets flak from ITAT for making sec. 14A disallowance by giving retro-effect to Rule 8D

IT : Disallowance made by Assessing Officer under section 14A by applying rule 8D on exempt income earned by assessee for assessment year 2006-07, would not be sustainable as rule 8D applies from assessment year 2008-09 and it not being retrospective would have no application