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2019 (5) TMI 94 - AT - Income TaxAddition made on account of interest accrued on outstanding debt - HELD THAT:- CIT(A) had also deleted the addition by placing reliance on the Co-ordinate bench decision of this Tribunal in assessee’s own case for the earlier years and hence, we find no infirmity in the order of the CIT(A). Accordingly, ground Nos. 1 & 2 raised by the revenue for both the years are dismissed. Addition made on account of disallowance u/s.14A r.w.r. 8D - HELD THAT:- We find that this issue has already been dealt by this Tribunal in assessee’s own case [2016 (12) TMI 1771 - ITAT MUMBAI] wherein, it was held that amount already disallowed by the assessee is fair and reasonable and the AO without recording any satisfaction as to why the disallowance made by the assessee is incorrect cannot automatically proceed to make disallowance by applying the computation mechanism under rule 8D(2) of the rules. Respectfully following the same, we find no infirmity in the order of CIT(A).
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