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2015 (6) TMI 348 - AT - Income TaxDisallowance under section 14A r.w.s.8D - capitalization of interest expenditure as directed by CIT(A) - Held that:- The ld. AR submitted that the assessee has not incurred any expenditure on earning tax free income and there is no question of disallowing notional expenditure but in our opinion there should be certain expenditure on administration of these investments from which the assessee earned exempt income. Hence, in the interest of justice we direct the AO to disallow the amount of ₹ 50,000/- on this count - Decided partly in favour of revenue.
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