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Issues: Whether any disallowance could be made under Section 14A read with Rule 8D in the facts of the case.
Analysis: The issue was already covered by an earlier Division Bench decision, and the reasons adopted there were treated as correct and not requiring reconsideration. The substantial question of law was answered against the revenue and in favour of the assessee.
Conclusion: No disallowance under Section 14A read with Rule 8D was warranted on the facts considered, and the issue was decided in favour of the assessee.
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