TMI Blog2014 (9) TMI 1042X X X X Extracts X X X X X X X X Extracts X X X X ..... cepted the principles laid own by the said decision as evidenced by the SLP filed ? Held that:- A similar issue had arisen in Income Tax Appeal in the case of the same assessee [2014 (8) TMI 119 - BOMBAY HIGH COURT] and after considering all these questions, this Court vide order dated 23rd July, 2014 to which one of us (S.C.Dharmadhikari, Jther .) was a party, did not find any merit in the appeal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l filed by the revenue was dismissed vide order dated 21st February, 2012. 2. Mr.Suresh Kumar, learned counsel appearing for the appellant-revenue submitted that the impugned order raises the following substantial questions of law:- A. Whether on the facts and in the circumstances of the case and in law, the ITAT was correct in law in setting aside the disallowance made u/s.14A by relying on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tled for deduction with respect to the diminution in value of the investment and amortization of premium on investment held to maturity on the ground of mandate by RBI guidelines thereby ignoring the decision of the Supreme Court in the case of Southern Technologies V/s. CIT [320 ITR 577] ? 2. The issues raised by the appellant concerned the investment by the assessee certain amounts in tax fre ..... X X X X Extracts X X X X X X X X Extracts X X X X
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