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2018 (4) TMI 1977 - DELHI HIGH COURTDisallowance u/s 14A r.w.Rule 8D - HELD THAT:- This issue is covered by the judgment of this Court in the case of ‘Commissioner of Income Tax-VI vs. Taikisha Engineering India Ltd.[2014 (12) TMI 482 - DELHI HIGH COURT] where the Court held that unless the AO rejects the explanation that induces the necessity to offer a specific amount as expenditure by some reasons, the mere rejection per se is unacceptable. The ITAT followed that decision; therefore, no question of law arises on this aspect. MAT Computation - Second question urged by the Revenue does require consideration, which is as follows:- “Did the ITAT fall into error in overlooking the Explanation (f) to Section 115J of the Act, in the circumstances of the case?” Issue notice of the appeal to the assessee, returnable on 27th July, 2018.
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