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Cadila Pharmaceuticals Ltd. v. ACIT (2024) 115 ITR 51 ((SN)/ 164 taxmann.com 52 (Ahd)(Trib)

S.14A : Disallowance of expenditure-Exempt income-Disallowance cannot exceed exempt income-Addition to book profit is deleted. [S.115JB, R.8D]

Held that disallowance cannot exceed exempt income. Addition to book profit is deleted.  (AY. 2010-11)