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    <title>2019 (7) TMI 1214 - ITAT BANGALORE</title>
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    <description>The Tribunal directed the Assessing Officer to grant the deduction under Section 35(2AB) of the Income-tax Act, allowing the assessee&#039;s ground for all assessment years. The issue of disallowance under Section 14A was set aside for fresh adjudication in accordance with judicial precedents, restricting disallowance to the amount of exempt income earned by the assessee. All other grounds of the assessee were dismissed as not pressed.</description>
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      <description>The Tribunal directed the Assessing Officer to grant the deduction under Section 35(2AB) of the Income-tax Act, allowing the assessee&#039;s ground for all assessment years. The issue of disallowance under Section 14A was set aside for fresh adjudication in accordance with judicial precedents, restricting disallowance to the amount of exempt income earned by the assessee. All other grounds of the assessee were dismissed as not pressed.</description>
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