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2019 (3) TMI 1840 - AT - Income TaxDisallowance u/s 14A r.w. Rule 8D(iii) - indirect expenditure for earning exempt income - HELD THAT:- As decided in own case. [2017 (3) TMI 1832 - ITAT MUMBAI] Calculation of disallowance as per Rule 8D(2)(iii) is erroneous, as the AO without assigning any reason did not reduce the investment in mutual funds and group concern which does not quire incurrence of major expenditure.We restore this ground back to the file of A.O. for fresh consideration.
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