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2019 (8) TMI 44 - ITAT MUMBAIAddition u/s 14A r.w.r. 8D - sufficiency of own funds - HELD THAT:- The assessee nowhere earned any exempt income, therefore, no disallowance is required in view of the provisions u/s 14A r.w. Rule 8D of the Act. CIT(A) has decided the matter of controversy judiciously and correctly which is not liable to be interfere with at this appellate stage. Accordingly, this issue is being decided in favour of the assessee against the revenue.
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