Authorities Must Apply Investment Value Reduction for Disallowance u/s 14A & Rule 8D in Tax Calculations.

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....Disallowance u/s 14A - authorities below directed to extend the benefit of the assessee on account of diminution in the value of investments while working out the disallowance to be made under the provisions of Section 14A read with Rule 8D of Income Tax Rules. - AT....