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2021 (2) TMI 1335 - AT - Income TaxDisallowance of expenses u/s 14A read with Rule 8D - HELD THAT:- As the submissions before the Assessing Officer was also that there was no exempt income earned during the year and no expenditure was incurred during the year towards exempt income. Thus, the CIT(A) has rightly deleted the addition in light of the decisions of case of Cheminvest Ltd. [2015 (9) TMI 238 - DELHI HIGH COURT] and CIT Vs. Holcim Ltd. [2014 (9) TMI 434 - DELHI HIGH COURT] CIT(A) has given a detailed finding and there is no need to interfere with the same in light of the decision of the Jurisdictional High Court. In fact, the issue is covered by the decision of the Apex Court decision in case of Maxopp Investment Ltd. [2018 (3) TMI 805 - SUPREME COURT]. Thus, there is no need to interfere with the findings of the CIT(A). Hence, the appeal of the Revenue is dismissed.
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