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2019 (2) TMI 1332 - BOMBAY HIGH COURTDepreciation on distribution network, material supply contract and brand use - specification of reason as to how it falls within the clause “any other business or commercial rights of a similar nature” of Section 32(1)(ii) and as to how the doctrine of “ejusdem generis” is applicable in the instant case - HELD THAT:- Registry is directed to communicate a copy of this order to the Tribunal. This would enable the Tribunal to keep the papers and proceedings relating to the present appeal available, to be produced when sought for by the Court. Learned Counsel appearing for the respondent waives service. Addition u/s 14A r.w.r. 8D - HELD THAT:- Question as impugned in this appeal held that the assessee had not earned any exempt income during the year under consideration. The Tribunal, therefore, followed the decision of Delhi High Court in case of CIT Vs. Holcim India (Pvt.) Ltd. [2014 (9) TMI 434 - DELHI HIGH COURT]. In such decision, the Delhi High Court ruled that when there is no exempt income earned by the assessee, no disallowance under Section 14A of the Act can be made.
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