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2020 (8) TMI 260 - ITAT CHANDIGARHDisallowance u/s 14A r.w.r 8D - no exempt income claimed by the assessee - HELD THAT:- In the present case it is an admitted fact that the Ld. CIT(A) by following the judgment of the Hon'ble Jurisdictional High Court deleted the impugned disallowance made by the A.O. under section 14A of the Act for the reasons that there was no exempt income claimed by the assessee, therefore, no disallowance could have been made for the expenses. On a similar issue the Hon'ble Jurisdictional High Court in the case of CIT Vs. Winsome Textile Industries Ltd. [2009 (8) TMI 220 - PUNJAB AND HARYANA HIGH COURT] held that “ in the present case, admittedly, the assessee did not make any claim for exemption, in such situation section 14A could have no application.” In the present case also it is an admitted position that the assessee had not claimed any exempt income, so there was no question of making disallowance under section 14A - Decided against revenue
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