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2014 (9) TMI 546 - HC - Income TaxDisallowance u/s 14A(1) – Expenses on interest free advances u/s 36(1)(iii) – Held that:- The Tribunal had rightly followed the decision in SA BUILDERS LTD. Versus COMMISSIONER OF INCOME-TAX [2006 (12) TMI 82 - SUPREME COURT] - Assessee had advanced loans to the group concerns and interest on such advances was disallowed – it has been decided in assessee’s own case for the earlier assessment year’s also, thus, the order of the Tribunal is upheld – Decided against revenue.
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