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2021 (7) TMI 670 - AT - Income TaxDisallowance u/s. 14A - assessee has made certain investments in shares and since those investments have yielded or may yield income in the form of dividend, long term capital gain etc, which does not found part of income of the assessee and therefore the expenditure was required to be disallowed under the provisions of Section 14A - CIT-A deleted the addition - HELD THAT:- We find that CIT(A) deleted the addition made by AO u/s. 14A by observing the fact that no dividend income has been earned by the assessee during the year under consideration and in the absence of any dividend income, the disallowance u/s. 14A is not called for. CIT(A) had also relied on the decision rendered by the Hon'ble Delhi High Court in the case of Cheminvest Ltd. [2015 (9) TMI 238 - DELHI HIGH COURT] and Taikisha Engineering India Ltd. [2014 (12) TMI 482 - DELHI HIGH COURT] As before us, no fallacy in the findings of CIT(A) has been pointed out by the Revenue nor Revenue has placed on record any contrary binding decision in its support. In such a situation, we find no reason to interfere with the order of CIT(A), thus the grounds of Revenue are dismissed.
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