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2014 (12) TMI 1404 - ITAT DELHIDisallowance u/s 14A - HELD THAT:- Refereeing to various decisions, relied upon by the assessee, wherein a consistent view has been taken that where no exempt income is earned, there could not be any disallowance u/s 14A, we find no merit in the ground taken by the Revenue. Accordingly, ground no. 1 is dismissed. Disallowance of interest claimed u/s 36(1)(iii) - CIT(A) has restored the matter to the file of AO - HELD THAT:- Nothing has been brought on record to controvert the findings of ld. CIT(A). We find that findings of ld. CIT(A) do not suffer from any infirmity and, therefore, we confirm his action.
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