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2014 (3) TMI 855 - HC - Income TaxDisallowance of interest u/s 14A of the Act – Held that:- Revenue contended that the principal amounts were initially used for the purpose of business, without further proof of the use in the relevant previous year, interest could not have been allowed as a business expense - CIT(A) and the Tribunal was of the view that for the previous years as well as for the years when the funds were borrowed, there was no adverse finding against the assessee necessitating its adding back – thus, as such no substantial question of law arises for adjudication as the issue is already remitted back to the AO for reconsideration – Decided against Revenue.
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