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2017 (11) TMI 1625 - AT - Income TaxDisallowance u/s 14A - Held that:- CIT(A) after due appreciation of material, reached a conclusion that own interest free funds far exceeded the investment. Secondly, the strategic investment and investments which yielded no exempt income were to be excluded for the purpose of computation of expenses disallowance. We find the approach to be a quite fair, reasonable & plausible and therefore, find no reason to interfere with the same. - Decided against revenue.
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