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2013 (5) TMI 17 - ITAT DELHIDisallowance u/s 14A r.w.r. 8D - Held that:- As from profit and loss account of assessee it can be farly concluded that total expenses incurred by assessee other than interest were Rs.9,16,546/- out of which assessee had already made a disallowance of Rs.7,42,023/- which is quite reasonable, keeping in view the other taxable income of the assessee. The calculation made by AO gives absurd results which cannot be the intention of the legislature. In favour of assessee.
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