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2015 (8) TMI 1454 - ITAT MUMBAIDisallowance u/s 14A - no exemption was claimed by the assessee under section 10(2A) - Held that:- In the instant year no exemption has been claimed by the assessee under section 10(2A) of the Act as there was no tax free income and, therefore, the provisions of section 14A of the Act are not applicable. See CIT VERSUS M/S. DELITE ENTERPRISES [2009 (2) TMI 498 - BOMBAY HIGH COURT] Direction of CIT(A) to verify and allow the assessee’s claim for carry forward of the business loss pertaining to A.Y 2008-09 - Held that:- On this aspect, we find no merit in the grievance of the Revenue in as much as the CIT(A) has directed the Assessing Officer to verify the fact-situation and allow the claim as per law. Quite clearly, the Assessing Officer had denied the claim for carry forward of the business loss without giving any cogent reasons. The order of the CIT(A) on this aspect is also affirmed.
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