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2013 (12) TMI 660 - AT - Income TaxRe-computation of disallowance u/s 14A Held that:- Rule 8D was applicable from the assessment year 2008-09 For earlier years dis-allowance of expenditure had to be determined by adopting some reasonable method having regard to all facts and circumstances Following Godrej Agrovet Ltd. Vs. ACIT [2010 (9) TMI 291 - ITAT, MUMBAI] Disallowance of 10% is justified Decided against Revenue.
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