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2021 (10) TMI 1198 - ITAT HYDERABADAssessment u/s 153A - HELD THAT:- The impugned addition made in Section 143(3) r.w.s. 153A assessment is not liable to be sustained since not based on any incriminating material and the same had already been made in Section 143(3) assessment. We therefore accept the assessee's grievance herein. Addition u/s 14A r.w.r 8D - HELD THAT:- As decided in own case [2021 (9) TMI 124 - ITAT HYDERABAD] the very disallowance stood accepted on the ground that it had not derived any exempt income. We therefore adopt the very precise reason herein as well to delete the impugned disallowance in light of case law Chettinad Logistics Pvt. Ltd. [2017 (4) TMI 298 - MADRAS HIGH COURT], Corrtech Energy Pvt. Ltd. [2014 (3) TMI 856 - GUJARAT HIGH COURT] and Cheminvest Ltd. [2015 (9) TMI 238 - DELHI HIGH COURT] - Decided in favour of assessee.
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