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2017 (2) TMI 991 - AT - Income TaxDisallowance made under section 14A - Held that:- In this case, the assessee has not earned any dividend income in the year under consideration and moreover no expenditure was incurred. The assessee has not made investment in wholly owned subsidiaries. When the assessee has made investments in its own subsidiaries, investment in subsidiaries was out of commercial expediency and hence no expenditure can be determined and disallowed in view of the decision of the Tribunal in the case of EIH Associated Hotels Ltd. v. DCIT (2013 (9) TMI 604 - ITAT CHENNAI ). - Decided against revenue
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