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2016 (12) TMI 1544 - AT - Income TaxDisallowance u/s 14A - investment made as a strategic investment in group companies - Held that:- We hold that since the assessee has not earned any dividend income and the investments were made only as a strategic investment in wholly owned subsidiary companies no disallowance under section 14A is attracted. Thus, we direct the Assessing Officer to delete the disallowance made under section 14A in both these assessment years. - Decided in favour of assessee
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