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2023 (1) TMI 953 - ITAT CHENNAIDisallowance u/s 14A - Expenditure incurred on earning exempt income earned in the year - HELD THAT:- As respectfully following the decision of M/s. Redington India Ltd. [017 (1) TMI 318 - MADRAS HIGH COURT] we are of the considered view that disallowance of expenditure u/s. 14A of the Act cannot exceed exempt income and thus, we are inclined to uphold the findings of the Ld. CIT(A) and dismiss the appeal filed by the Revenue.
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