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2019 (5) TMI 1196 - AT - Income TaxDisallowance of inadmissible expenses u/s.14A r.w.r.8D - assessee has substantially used interest free funds for making investment - HELD THAT:- In absence of exempt income, disallowance u/s.14A of the Act of any amount was not permissible . See M/S OIL INDUSTRY DEVELOPMENT BOARD [2019 (3) TMI 1571 - SC ORDER] . - Decided in favour of assessee
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