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2020 (8) TMI 706 - AT - Income TaxAddition u/s 14A - Whether the provisions of section 14A are applicable even when no exempt income is earned? - CIT-A deleted the addition - HELD THAT:- As decided in CHEMINVEST LIMITED VERSUS COMMISSIONER OF INCOME TAX-VI [2015 (9) TMI 238 - DELHI HIGH COURT] and M/S. CHETTINAD LOGISTICS PVT. LTD. [2017 (4) TMI 298 - MADRAS HIGH COURT] questions of law, which could have arisen are already covered by the judgment of a Co-ordinate Bench of this Court rendered in M/s.Redington (India) Limited case [2017 (1) TMI 318 - MADRAS HIGH COURT]. Recently, the Hon'ble Supreme Court [2018 (7) TMI 567 - SC ORDER] dismissed the SLP filed against the decision of the High Court wherein it was held that section 14A of Act cannot be invoked where no exempt income was earned in the relevant year. - Decided in favour of assessee.
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