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2013 (11) TMI 962 - AT - Income TaxDisallowance u/s.14A – Held that:- Following CIT vs. Reliance Industries Ltd. [2009 (4) TMI 516 - Bombay High Court] - The onus to establish that the indirect expenditure has no bearing on the income not forming part of the total income is squarely on the assessee, failing which Rule 8D will apply subject to the expenditure actually incurred and claimed would follow – The issue was restored for fresh decision.
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