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Unilever Industries (P.) Ltd. v. Dy. CIT (2024) 205 ITD 212 (Mum)(Trib)

S. 14A : Disallowance of expenditure-Exempt income-Tax free dividend income-Disallowance could not exceed exempt income.[R.8D]

Held that disallowance  can not exceed assessee’s exempt income. (AY.2012-13)

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