2018 (1) TMI 1759

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.... Respondent : None ORDER The solitary question of law urged in this appeal is with respect to the disallowance made under Section 14A of the Income Tax Act, 1961 ('the Act') by the Revenue to the tune of Rs. 3,07,63,450/-. The assessee/respondent, had for Assessment Year 2008-09, claimed a dividend of Rs. 34,81,86,873/-. Upon inquiry, it was asked by show cause notice as to why proportionate....