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2017 (12) TMI 1551 - AT - Income TaxDisallowance u/s. 14A r.w. Rule 8D(2)(iii)- Held that:- As relying on ACIT v. Vireet Investments Private Limited [2017 (6) TMI 1124 - ITAT DELHI] only those investments are to be considered for computing average value of investments which yielded exempt income during the year. Therefore, respectfully following the said decision, we direct the Assessing Officer to compute the disallowance under Rule 8D(2)(iii) by considering only those investments which yielded exempt income during the year and recompute the income accordingly.- Appeals of the assessee are partly allowed.
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