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2019 (5) TMI 320 - HC - Income TaxDisallowance u/s 14A r.w.r. 8D - no exempt income earned - DR contended that since CBDT Circular No. 5 of 2014 mandates that disallowance u/s. 14A should be made irrespective of earning or not of any exempt income - HELD THAT:- The issue involved in the appeal is covered by the judgment of Principal Commissioner of Income Tax-I, Chandigarh v. M/s Vardhman Chemtech Private Limited, Chandigarh [2018 (10) TMI 1037 - PUNJAB AND HARYANA HIGH COURT] wherein the appeal filed by the revenue against the deletion of disallowance under Section 14A of the Act read with Rule 8D of the Rules, was dismissed.
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