Assessing Officer's Addition Under Sec 14A & Rule 8D Adjusted to 1% of Exempt Income to Avoid Litigation.

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....MAT - Addition made by the AO in part u/s 14A r.w. Rule 8D while determining the book profit u/s.115JB - our action for restoring back the issue to the file of AO would unnecessarily cause further litigation - disallowance on an ad-hoc basis @ 1 % of the exempted income to be made.....