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2018 (3) TMI 591 - HC - Income TaxAddition u/s 14A - ITAT deleted the dis-allowance holding that the assessee has own interest free funds available more than the investment made in tax free securities - Held that:- The issues raised herein stands concluded against the Revenue and in favour of the respondent, assessee by the decision of this Court in Commissioner of Income Tax V/s. HDFC Bank Ltd. [2014 (8) TMI 119 - BOMBAY HIGH COURT]. Addition of dis-allowance u/s. 14A made to Book Profit - Held that:- Tribunal has held that for the purpose of computing book profits, AO would include the amount of dis-allowance. However, as the issue of amount of dis-allowance u/s 14A has been restored to the Assessing Officer, this issue is also consequential to the quantum determined by the AO while considering the dis-allowance.
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