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2018 (8) TMI 2118 - AT - Income TaxDisallowance u/s 14A r.w.r. 8D - Whether no exempt income has accrued to the assessee from the investment made in the sister concerns? - HELD THAT:- In the present case, there is no change in facts as facts are similar to the facts of the earlier decision rendered by the Tribunal in the case of the assessee for AY 2009-10 [2015 (8) TMI 605 - ITAT BANGALORE] where the Tribunal has deleted the disallowance on the premise that no exempt income has accrued to the assessee from the investment made in the sister concerns. Therefore, following the decision of the coordinate bench in the case of the assessee, for earlier year and also following the judgment of matter of Chem Chem Investment [2011 (11) TMI 267 - DELHI HIGH COURT] - Section 14A will not apply if no exempt income is received or receivable during the relevant previous year - we dismiss the appeals of the Revenue.
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