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2015 (9) TMI 1112 - ITAT DELHIDisallowance of expenditure under Section 14A applying Rule 8D of the Rules - Held that:- Unless the satisfaction is recorded by the Assessing Officer to the effect that the disallowances offered by the assessee is unsatisfactory, no disallowance can be made under the provisions of Section 14A of the Act. See CIT Vs. Hero Management Services Ltd. [2013 (10) TMI 80 - DELHI HIGH COURT ] - we hereby direct the Assessing Officer to delete the additions made under Section 14A of the Act. - Decided in favour of assessee.
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