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    <title>2016 (2) TMI 677 - ITAT MUMBAI</title>
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    <description>The Tribunal allowed the appeal filed by the assessee company, deleting the disallowance made under section 14A of the Income Tax Act. The Tribunal held that since no exempt income was received during the relevant year, the disallowance was unwarranted. This decision overturned the orders of the Assessing Officer and the Commissioner (Appeals), providing relief to the assessee company.</description>
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      <description>The Tribunal allowed the appeal filed by the assessee company, deleting the disallowance made under section 14A of the Income Tax Act. The Tribunal held that since no exempt income was received during the relevant year, the disallowance was unwarranted. This decision overturned the orders of the Assessing Officer and the Commissioner (Appeals), providing relief to the assessee company.</description>
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