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2018 (6) TMI 498 - AT - Income TaxDisallowance u/s 14A - Held that:- Admittedly, the assessee has not earned any exempted income. Therefore, the CIT(Appeals) by placing reliance on the judgment of Madras High Court in Redington (India) Ltd. v. Addl. CIT ( 2017 (1) TMI 318 - MADRAS HIGH COURT) deleted the disallowance made by the Assessing Officer. Since the CIT(Appeals) has followed the judgment of jurisdictional High Court, which is binding on all the authorities, this Tribunal do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed. Addition under Section 43B - Delay in making employees contribution - Held that:- CIT(Appeals) by placing reliance on the judgment of Madras High Court in CIT v. Industrial Security and Intelligence India (P.) Ltd.[2015 (7) TMI 1063 - MADRAS HIGH COURT], allowed the claim of the assessee. It is not in dispute that the employees contribution was deposited before the due date for filing the return of income. Therefore, this Tribunal do not find any reason to interfere with the order of the lower authority and accordingly the same is confirmed.
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