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2020 (10) TMI 1024 - AT - Income TaxDisallowance u/s.14A - method of calculation prescribed in Rule 8D - method of working of disallowance - Assessee had suomoto disallowed an amount - CIT-A directed the Assessing Officer to work out the disallowance as per the criteria decided by the Tribunal in assessee’s own case in earlier years restricting it to the suomoto disallowance - HELD THAT:- Respectfully following the orders of the Tribunal for the earlier assessment years as well as the order of the Hon'ble High Court in assessee’s own case [2019 (6) TMI 440 - BOMBAY HIGH COURT] we hold that the computation as adopted by the assessee for disallowing expenditure attributable for earning exempt income u/s. 14A of the Act should be accepted. Thus, we see no infirmity in the order passed by the Ld.CIT(A). - Decided against revenue.
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