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2021 (8) TMI 1045 - AT - Income TaxDisallowance u/s 14A r.w.r 8D - assessee had submitted before the AO that no exempt income in the form of dividend has been earned by the assessee during the year under consideration - HELD THAT:- The aforesaid contention of the assessee has not controverted by the Revenue. We find that CIT(A) by following the decisions in the case of Chemnivest Ltd.[2015 (9) TMI 238 - DELHI HIGH COURT], IL & FS Energy Development Company Ltd. [2017 (8) TMI 732 - DELHI HIGH COURT] and the decision of Holcim India P. Ltd. [2014 (9) TMI 434 - DELHI HIGH COURT] held that when no dividend income has been received by the assessee, no disallowance u/s 14A of the Act is called for. As no fallacy in the findings of CIT(A) has been pointed out by the Revenue. Revenue has also not placed on record any contrary binding decision in its support. In view of the aforesaid facts, we find no reason to interfere to the order of CIT(A) and thus the appeal of the Revenue is dismissed.
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