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2018 (9) TMI 947 - ITAT MUMBAIDisallowance u/s 14A read with Rule 8D under normal provisions of the computation of Income under the Act - Held that:- Restore the matter back to the file of the AO for deciding afresh the disallowance warranted under Rule 8D having regard to the guidelines laid down by the Hon’ble Supreme Court in the case of Godrej And Boyce Mfg. Co. Ltd. [2017 (5) TMI 403 - SUPREME COURT OF INDIA] and Maxopp Investment Ltd vrs. CIT (2018 (3) TMI 805 - SUPREME COURT OF INDIA). Accordingly, this ground is allowed for statistical purposes. Addition u/s. 14A r.w.r. 8D(2) to the total income of the assessee u/s. 115JB - Held that:- We also restore the matter back to the file of AO with a direction to re-compute the income u/s.115JB in terms of our above discussion, following the proposition laid down by Special Bench of the Tribunal in case of Vireet Investment Pvt. Ltd.,[2017 (6) TMI 1124 - ITAT DELHI]
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