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2017 (4) TMI 1533 - AT - Income TaxDisallowance u/s 14A - Whether CIT(A) failed to appreciate that section 14A should be applied only when there is an exempted income earned out of investment and not otherwise. The Appellant had not earned exempted income during the AY 2013-14? - HELD THAT:- Since the assessee did not appear, we have no option, but to hear the appeal ex parte, qua the assessee. Accordingly, the revenue was heard. We have carefully examined the order of the CIT(Appeals) on the impugned grounds and we find that he has rightly adjudicated the issues in detail and we find no infirmity therein. Accordingly, we confirm the order of CIT(Appeals).
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