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2012 (7) TMI 450 - AT - Income TaxDisallowance of expenses under Section.14A - alleged to be relatable to earning the dividend income, by applying Rule 8D – alleged that assessee's income included exempted income and the assessee has not segregated and excluded any expenditure pertaining to the exempted income, invoked the provisions of sec.l4A of the Act - Assessing Officer, before invoking the provisions of Rule 8D r.w.s.14A of the Act, has not given the reasons as to why he was invoking the provisions of Rule 8D r.w.s.14A of the IT Act – Held that:- Provisions of Rule-8D can be invoked only if the Assessing Officer is not satisfied with the claim of the assessee - Assessing Officer is satisfied that there was an element of expenses involved in earning the exempt income and the assessee has not shown the same - matter remanded back to the file of the Assessing Officer for adjudicating the same afresh - appeal of the Assessee is allowed for statistical purposes
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