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2016 (10) TMI 1021 - AT - Income TaxAddition for earning exempt income under Section 14A read with Rule 8D(2)(iii) - Held that:- It is not case where regular activities were undertaken by the Assessee in respect of the investments to earn income therefrom, there was no basis for the AO to hold that the expenditure as disclosed by the Assessee towards earning exempt income was insufficient. - Decided in favour of assessee.
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