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2018 (9) TMI 1985 - AT - Income TaxAddition u/s 14A - no exempt income reported - HELD THAT:- We find that ld. CIT(A) by following the decision of the coordinate bench of the tribunal in the case of Radha Krishna Automobiles (2017 (11) TMI 1689 - ITAT VISAKHAPATNAM), wherein the decisions of the Hon'ble Madras High Court in the case of Redington (India) Ltd [2017 (1) TMI 318 - MADRAS HIGH COURT] and case of Pr.CIT Vs. Sintex Industries Ltd. [2017 (6) TMI 601 - GUJARAT HIGH COURT] have been followed, and held that there is dividend income and section 14A r.w.r. 18D of the IT Rules, 1962 has no application and directed the Assessing Officer to delete the addition. Ld. Departmental Representative has not brought any decision of the jurisdictional or any other High Court which is contrary to the decision of the Hon'ble Madras High Court as well as Gujarat High Court (supra). Therefore, we find no infirmity in the order passed by the ld.CIT(A). - Decided against revenue.
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