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2017 (3) TMI 1676 - HC - Income TaxDisallowance u/s 14A made in the course of the search - ITAT cancelled the disallowance in excess of ₹ 69 lacs, was unwarranted because there was no tax imposition income in the given year relying on decision in Cheminvest Ltd. vs Commissioner of Income Tax [2015 (9) TMI 238 - DELHI HIGH COURT) - Held that:- Since the ITAT followed the ruling of this Court, and there was no tax imposition income, there could not have been any disallowance under Section 14A of the Act. Its decision, therefore, is sound and does not call for any interference. - Decided against revenue
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