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Doha Bank QSC v. DCIT (2021) 187 ITD 125 / 209 TTJ 716 (Mum.)(Trib.)

S. 14A : Disallowance of expenditure-Exempt income-Netting of interest expenditure. [R. 8D]

Tribunal held that disallowance of interest has to be carried out after netting of interest income and interest expenditure.  (AY.  2009-10, 2010-11)