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2014 (4) TMI 388 - ITAT HYDERABADDisallowance u/s 14A of the Act – Non-consideration of the issue - Whether the disallowance of ½% should be on the average value of investment of Rs. 4,26,87,166/- as shown by the assessee or it should be on the amount of Rs. 18,89,57,476/- as made by the AO - Held that:- There is absolutely no discussion made by the CIT(A) in this regard - She has simply sustained the disallowance of Rs. 9,44,787/- without uttering even a single word – thus, the matter is required to be remitted back to the AO for fresh adjudication – Decided in favour of Assessee.
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