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2017 (2) TMI 1014 - AT - Income TaxAddition u/s 14A - Held that:- The assessee had made investments of shares from earlier years and assessee had shares of his sister concern and that is statistical investment. Therefore no expenditure was incurred. Moreover assessee had not exempted income during the year under consideration. Therefore when assessee has not earned any dividend from exempted income and when the tribunal has allowed the claim of the assessee in earlier orders for A.Y. 2009-10 wherein held no disallowance u/s. 14A can be made in a year in which no exempt income has been earned or received by the assessee. We allow the claim of the assessee. Addition towards debit balance written off - Held that:- The assessee submitted that the write-off amount is business loss carried in course of business. Therefore we are of the view that when the tribunal has restored this file to A.O, we respectfully following the same we restore this file as per the decision of in the assessee own case in A.Y.2009-10 wherein the tribunal has held assessee is directed to demonstrate that the impugned creditors have been written back in the subsequent years to the satisfaction of the Assessing Officer and the Assessing Officer is directed to verify the same and if the claim of the assessee is found correct the additions should not be made.
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