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2015 (6) TMI 1188 - AT - Income TaxAddition u/s 14A - disallowance of expenditure incurred in earning dividend income - HELD THAT:- Since the Tribunal has taken a view in the assessee’s own case that once the provisions of section 14A of the Act are to be invoked, disallowance is to be computed as per rule 8D of the rules, we find no justification to take a contrary view in this appeal. The mode of computation as per rule 8D of the rules was also examined by the Tribunal in the case of Income Tax Officer vs. M/s Shruti Finsec Pt. Ltd. [2014 (11) TMI 172 - ITAT LUCKNOW] in which it has been held that while adopting the procedure for computation of disallowance as per rule 8D of the rules, all aspects of direct and indirect expenses are to be considered Accordingly following the view taken by the Tribunal in assessment year 2009-10, we decide this issue in favour of the Revenue. Accordingly, the order of the ld. CIT(A) is set aside and that of the Assessing Officer is restored.
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