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2018 (8) TMI 1364 - ITAT DELHIDisallowance u/s 14A r.w.R 8D - expenses towards exempted income - assessee had made suo-moto disallowance under section 14 A of the Act. Ld. AO issued show cause notice calling upon assessee to explain disallowance computed by assessee under section 14 A of the Act. - Held that:- following the ratio laid down by Hon’ble Bombay High Court in case of B.R Bamsi vs. CIT (1970 (2) TMI 45 - BOMBAY HIGH COURT), do not find any infirmity in order passed by Ld. CIT (A) for Assessment Year 2008-09 and 2009-10. - Decided against the revenue.
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