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2018 (2) TMI 1158 - HC - Income TaxAdditions u/s. 14A in respect investments in subsidiary company - application of Rule of consistency - sufficiency of own funds - Held that:- For the relevant Assessment Year, Assessee has not earned any tax free income, the corresponding expenditure incurred cannot be taken into consideration for dis-allowance. See Pr. CIT Vs. M/s. Rivian International (P.) Ltd. [2017 (12) TMI 811 - BOMBAY HIGH COURT] - Decided against revenue.
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