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2014 (4) TMI 824 - HC - Income TaxValidity of remission made by Tribunal - Admission of the suo-moto disallowance u/s 14A of the Act – Held that:- Revenue contended that the assessee had filed a return in which the disallowance was offered suo motu, the assessee could not have resiled from such position without filing a revised return - When all materials necessary to examine the nature of disallowance to be made u/s 14A of the Act are already on record and when once AO as well as CIT (A) have already considered the issue and given detailed findings, it would be appropriate for the Tribunal to give its final conclusive opinion on the entire issue – thus, the issue is placed before the Tribunal for consideration – Decided partly in favour of Revenue.
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