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2017 (11) TMI 1627 - ITAT HYDERABADAddition u/s 14A r.w.s. 8D(iii) on an exempt dividend income - Held that:- As the disallowance made by AO has resulted in absurd situation of disallowing genuine other business expenditure, on which assessee earned more than ₹ 19 Lakhs income (as against ₹ 8,100/- of dividend), we are satisfied that the disallowance u/s. 14A should be restricted to the income earned of ₹ 8,100/-. AO is directed accordingly.
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