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2012 (7) TMI 312 - HC - Income TaxRe-computation of the disallowance u/s 14A - Held that:- Since substantial amount of the total expense incurred by the assessee, for earning both taxable and non-taxable income, has been offered for disallowance by the assessee itself. Neither the CIT(Appeals) nor the Departmental representative who appeared before the Tribunal could point out any error or serious discrepancy in the basis adopted by the assessee for making the disallowance - Tribunal was not in error in not remitting the matter to the Assessing Officer for fresh consideration - in favour of assessee.
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