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2021 (3) TMI 691 - HC - Income TaxDisallowance made u/s 14A read with Rule 8D - no exempt income earned by assessee during the current financial year - HELD THAT:- Aforesaid substantial question of law has already been answered against the revenue by a Bench of this Court in Commissioner of Income-tax-III Vs. Subhash Kabini Power Corporation Ltd.,[2016 (5) TMI 793 - KARNATAKA HIGH COURT] The aforesaid statement made by the learned counsel for the assessee could not be disputed by the learned counsel for the revenue. - Decided in favour of assessee.
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