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    <title>2016 (7) TMI 378 - ITAT MUMBAI</title>
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    <description>The tribunal allowed the assessee&#039;s appeal regarding the disallowance of expenditure relating to exempt income under Section 14A for the assessment year 2007-08, as the AO did not record satisfaction for rejecting the claim. The tribunal also directed the AO to grant TDS credit and recompute interest under Section 234C for various assessment years, finding in favor of the assessee due to procedural errors and delays in processing credits.</description>
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      <description>The tribunal allowed the assessee&#039;s appeal regarding the disallowance of expenditure relating to exempt income under Section 14A for the assessment year 2007-08, as the AO did not record satisfaction for rejecting the claim. The tribunal also directed the AO to grant TDS credit and recompute interest under Section 234C for various assessment years, finding in favor of the assessee due to procedural errors and delays in processing credits.</description>
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