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2019 (7) TMI 1953 - ITAT DELHIDisallowance u/s 14A r.w.r. 8D - expenses for earning dividend - HELD THAT:- As relying on Maxopp Investment Ltd. [2018 (3) TMI 805 - SUPREME COURT] contention of assessee that no disallowance under section 14A of the Act can be made in respect of investment in the shares of the subsidiary for strategic investment, are rejected. In our opinion, there is no error in the order of the lower authorities in making disallowance under section 14A of the Act read with Rule 8D of Income Tax Rules, 1962. - Decided against assessee.
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