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2018 (10) TMI 1895 - AT - Income TaxDisallowance u/s. 14A r.w.r 8D - assessee argued that disallowance cannot be made in the absence of exempt income earned during a year - HELD THAT:- Since, the assessee has not earned any dividend income, this case clearly falls within the ratio of the Jurisdictional High Court in the case of Redington India Ltd. [2017 (1) TMI 318 - MADRAS HIGH COURT]. Following the Jurisdictional High Court decision, supra, we hold that section 14A cannot be invoked and hence, dismiss the Revenue’s appeal.
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