TMI Blog2017 (5) TMI 1484X X X X Extracts X X X X X X X X Extracts X X X X ..... eem to be in dispute that as assessee was already having a surplus reserved tax free fund out of which investment was made. Therefore, AO was not justified in making the disallowance of deduction under Section 14 A. Revenue is not disputing that the assessee was having surplus reserved interest free fund, out of which investment was made. Under the circumstances, the learned Tribunal has not commi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e disallowance of deduction u/s 40(a)(ia) of ₹ 76,09,141/? 2. Whether on the facts and circumstances of th case, the Appellate Tribunal was justified in deleting the disallowance of deduction u/s 14 A of ₹ 2,10,788/? 2.0. Having heard Shri Manish Bhatt, learned counsel for the appellant Revenue and Shri S.N. Soparkar, learned Senior Advocate for the respondentassessee, present A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ommitted any error in deleting disallowance of deduction under Section 14 A of the Act . We are in complete agreement with the view taken by the learned Tribunal. Under the circumstances, present appeal qua proposed question no.2 deserve to be dismissed and is accordingly dismissed. 4.0. Present Appeal is Admitted qua aforesaid question no.1. Shri B. S. Soparkar, learned advocate waives service ..... X X X X Extracts X X X X X X X X Extracts X X X X
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