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2017 (8) TMI 187 - BOMBAY HIGH COURTAddition u/s 14A - whether Tribunal has erred in holding that 10% of the tax free dividend income disallowed by the Appellant is not in accordance with the provisions of section 14A ? - Held that:- Upon perusal of the grounds of appeal before the Tribunal, so also before the Commissioner, it no way transpires that the appellant herein had raised any specific ground that the Assessing Officer had not arrived at the satisfaction about disallowance made by the appellant-company under Section 14A of the Act is improper, the same is being sought to be raised for the first time in the present appeal, the same would not be permissible. The findings have been arrived concurrently by the authorities in this regard. Section 14A applicable on dividend income/on which dividend distribution tax has already been paid - Held that:- the same is covered by the case of Godrej & Boyce Manufacturing Co. Ltd.(2017 (5) TMI 403 - SUPREME COURT OF INDIA). Appeal admitted on question (b): Whether on the facts and circumstances of the case the Tribunal erred in holding that the strategic investment in its group companies namely Punjab Chemicals & Corp Protection Limited, Transmetal Limited and Transpek Silox Limited are to be considered for computing the disallowance under section 14A of the Act?
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