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Abhinav International P. Ltd. v. Dy.CIT (2020) 82 ITR 258 (Delhi)(Trib.)

S. 14A : Disallowance of expenditure-Exempt income-Investment made in earlier years-Disallowance to be restricted to extent of funds invested. [R. 8D]

Tribunal held that when the investment was made in earlier years, disallowance to be restricted to funds invested of the relevant year. (AY. 2013-14)