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2021 (5) TMI 61 - AT - Income TaxDisallowance u/s 14A rws 8D(2)(iii) - HELD THAT:- We set aside the order of the CIT(A) and remit the matter back to the file of AO with a direction to decide the issue following the said case of Maxopp Investment Ltd [2018 (3) TMI 805 - SUPREME COURT] We further direct the AO that the disallowance should be made under rule 8D(2)(iii) @ 0.5% on the average value of the investment in which exempt income has been received. Therefore, the grounds raised in both the appeals are treated as allowed for statistical purposes.
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