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2015 (9) TMI 435 - AT - Income TaxCredit for tax deducted - CIT(A) allowed claim - Held that:- CIT(A) has given a clear finding that there was no revenue impact, since the payments made by the assessee has been fully reimbursed during the year under consideration, meaning thereby, if the profit and loss account is recast by including the payments and reimbursements as its expenditure and income respectively, then the provisions of sec. 199 of the Act read will Rule 37BA would stand complied with. Since the Ld CIT(A) has followed the decision rendered by the Delhi bench of Tribunal in the case of Escorts Ltd (2007 (5) TMI 362 - ITAT DELHI) and since the said view also finds support from the decision rendered in the case of Arvind Murjani Brands (P) Ltd (2012 (5) TMI 138 - ITAT MUMBAI ) and further since the entries passed by the assessee do not have any revenue impact, no reason to interfere with the order passed by Ld CIT(A). - Decided against revenue.
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