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2021 (1) TMI 1049 - HC - Income TaxDisallowance of interest expenses u/s 14A read with Rule 8D(ii) - Tribunal deleted addition - HELD THAT:- Findings recorded is that, the interest income received during the year was more than interest paid by the assessee for all three assessment years. The Tribunal has concurred with the CIT(A) on the question of deletion of disallowance for interest under Rule 8(2)(ii) of the Rules. This appeal stands dismissed so far as the first question of law as proposed by the Revenue is concerned.
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