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When is disallowance not sustainable in law as per settled legal position?


Last updated: 20 August 2021

Court :
ITAT Mumbai

Brief :
The only grievance of the assessee in aforesaid appeals for Assessment Year (AY) 2015-16 & 2016-17 is disallowance u/s 14A. The facts are pari-materia the same in both the years and therefore, the appeals were heard together and are now being disposed-off by way of this common order for the sake of convenience & brevity.

Citation :
I.T.A. No.354 & 355/Mum/2020

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Published in Income Tax
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