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2020 (1) TMI 614 - AT - Income TaxDisallowance u/s 14A - Suomoto disallowance made by the assessee - HELD THAT:- As in assessee's own case for the A.Y. 2011-12 AO did not point out in clear terms as to why the suomoto disallowance made by the assessee is not correct with reference to the books of accounts of the assessee. AO all along stated in the assessment order that only partial application of Rule 8D has been applied by the assessee and he has not pointed the incorrectness of the suomoto disallowance made by the assessee or as to why this is not adequate disallowance u/s. 14A of the Act to meet the expenses attributable for earning dividend income. In the circumstances, respectfully following the said decision, we direct the Assessing Officer to restrict the disallowance u/s. 14A of the Act only to the suomoto disallowance already made by the assessee and delete the balance disallowance.
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