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2017 (5) TMI 1788 - AT - Income TaxDisallowance u/s 14A r.w.r 8D - Assessee submits that assessment year being 2006-07, the provisions of Rule 8D have no application - HELD THAT:- As perused the order of this Tribunal in Assessee’s own case for earlier assessment years. The Coordinate Bench considered similar situation for the assessment years 2004-05 and 2005-06 [2016 (4) TMI 1427 - ITAT MUMBAI] and directed that 2% of the dividend income be disallowed as expenses attributable for earning dividend income u/s 14A Following the said order, we direct the Assessing Officer to compute the disallowance at 2% of the exempt income during this assessment year also u/s 14A of the Act. Appeal of the Assessee is partly allowed.
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