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2014 (6) TMI 957 - AT - Income TaxDisallowance u/s.14A - Held that:- Since in the instant case the assessee has not received any dividend income out of the shares held as investment and since no disallowance u/s.14A has been made in the preceding as well as succeeding assessment years, therefore, we agree with the contention of the Ld. Counsel for the assessee that no disallowance u/s.14A can be made under the facts and circumstances of the case. Accordingly, the order of the CIT(A) is setaside and the Assessing Officer is directed to delete the disallowance made u/s.14A. - Decided in favour of assessee
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