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2014 (7) TMI 596 - ITAT MUMBAIRestriction u/s 14A r.w. Rule 8D of the Rules – Held that:- The assessee has made fresh investments in two companies and he has received the dividend from a single company – the decision in Maxopp Investment Ltd Vs. CIT [2011 (11) TMI 267 - Delhi High Court] followed - the AO has not examined the claim made by the assessee in proper perspective - the judicial view that is consistently taken by various forum is that the AO can invoke the provisions of sec. 14A only if he, having regard to the accounts of the assessee, is not satisfied with the claim put forth by the assessee - the AO has not shown that he was not satisfied with the claim of the assessee by having regard to the accounts maintained by the assessee - the view taken by CIT(A) is a reasonable one and does not call for any interference – Decided against Revenue.
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