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2016 (12) TMI 864 - ITAT DELHIDisallowance u/s. 14A - Held that:- We find that disallowance made u/s. 14A of the Act of ₹ 14,56,385/- was against ₹ 50,400/- computed by the assessee as expenses related to earning of income on which tax is not payable in the eyes of law. We further find that disallowance out of expenses incurred by the assessee in the course of his practice as a Senior Advocate is not sustainable as at no stage it has been said that the authorities found any dissatisfaction as regards the correctness of the claim made by the assessee. In view of above, no disallowance under section 14A is sustainable in the eyes of law. - Decided in favour of assessee
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