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2018 (2) TMI 1978 - ITAT CHANDIGARHDisallowance u/s 14A - assessee has already suo motu offered a disallowance - HELD THAT:- We find merit in the submissions of the assessee as the facts and issue involved in the case are squarely covered by the aforesaid decisions of the Hon'ble High Courts in ‘CIT Vs. Max India Ltd’ [2016 (11) TMI 1012 - PUNJAB AND HARYANA HIGH COURT]and ‘CIT Vs. Kapson Associates’ [2015 (8) TMI 1277 - PUNJAB AND HARYANA HIGH COURT] Disallowance is restricted to ₹ 6.43 lacs u/s 14A of the Act that has been suo motu offered by the assessee. Any further disallowance made by the Assessing officer or confirmed by the CIT(A) is hereby ordered to be deleted. - Decided in favour of assessee.
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