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2015 (12) TMI 1288 - HC - Income TaxDisallowance u/s 14A - Held that:- It is agreed between the parties that the issue raised herein stand concluded against the Revenue by the decision of this Court in the case "Godrej & Boyce Mfg.Co.Ltd. VS. DCIT, (2010 (8) TMI 77 - BOMBAY HIGH COURT ) - Decided against revenue Claim of rebate under Section 88E - ITAT deleted the addition - Held that:- Revenue does not dispute the fact that for the Assessment year 2006-07 the claim under Section 88E made by the respondent-assessee was on the similar basis as adopted in the subject Assessment Year and the claim was accepted by the Revenue. In view of the decision of the Tribunal in KBII Securities Pvt. Ltd. (2012 (7) TMI 930 - ITAT MUMBAI) which has been merely followed by the impugned order as well as the Revenue accepting an identical basis adopted in the earlier Assessment Year, coupled with the fact that even before us the Revenue is unable to point out to why and how the method of allocation of expenses made by the respondent-assessee is incorrect and/or bad.- Decided against revenue
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