2014 (9) TMI 1158

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..... all expenditure, under Section 14A and failed to appreciate that Section 14A in relation to dividend income is not relevant, where the investment in securities is not for earning dividend but for the purpose of carrying on the business in compliance with the directions and regulatory control of the Reserve Bank of India over the business of the assessee as a Residuary Non-banking Financing Company .....

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..... earning dividend but for the purpose of carrying on the business in compliance with the directions and regulatory control of the Reserve Bank of India over the business of the assessee as a Residuary Non-banking Financing Company? The appellant shall file requisite number of Paper Books within eight weeks from date. Let the matter appear as For Hearing in the Monthly List of February, 2015. .....

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