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2018 (1) TMI 1323 - AT - Income TaxDisallowance u/s 14A(2) r.w.r 8D - Held that:- Where there is no exempt income earned during the relevant financial year, there cannot be any disallowance u/s 14A of the IT Act We find that the facts of the case before us are similar to the facts before in the case of Redington (India) Ltd (2017 (1) TMI 318 - MADRAS HIGH COURT) and respectfully following the said decision, we allow the assessee's appeal and direct the AO to delete the disallowance made u/s 14A
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