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2018 (5) TMI 505 - AT - Income TaxDisallowance u/s 14A - proportionate interest expenditure u/s 8D(2)(ii) of the Income Tax Rules - Held that:- It has come on record that the ld. Coordinate Bench in assessee’s own case has held that such a disallowance is to be made on “netting “ formula. The assessee has already disallowed entire net interest expenditure of ₹ 13,59,442/- on the very lines. The said co-ordinate bench further concludes regarding administrative expenditure that the same would be exigible to disallowance if only claimed as deduction and not otherwise. Learned DR is unable to refer to any material indicating such expenditure actually claimed as incurred. We therefore adopt judicial consistency in the impugned assessment year as well to confirm the CIT(A)’s findings under challenge. - Decided in favour of assessee
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