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2022 (5) TMI 1591 - ITAT DELHIDisallowance u/s 14A r.w.r. 8D - assessee company has made certain investments in shares/mutual funds/bonds etc. out of the funds either borrowed by the assessee or from company own sources - HELD THAT:- In the absence of any material change and legal proposition in assessee own case [2021 (9) TMI 168 - ITAT DELHI].for A.Y. 2014-15 we hereby direct that only the investments which yielded the exempt income be considered for disallowance u/s 14A. Claim of Depreciation on software - @ 25% or 60% - HELD THAT:- This issue has been dealt by the Co-ordinate Bench of ITAT in assessee’s own case in. [2021 (9) TMI 168 - ITAT DELHI] for A.Y. 2014-15 wherein held since, the matter of software utilized in content production, the software embedded with hardware is an integral part of the computer equipment, the issue has been repetitively held in favour of the assessee - claim depreciation on software claimed @ 60% by the assessee allowed. Interest on Late Deposit of FBT, penalty on service tax and interest on late deposit of service tax - HELD THAT:- Hon’ble Apex Court observations in this regard in the case of Lachmandas Mathura Vs. CIT [1997 (12) TMI 16 - SUPREME COURT] held that interest on arrears of tax is compensatory in nature and not penal. Thus interest on late deposit of FBT, penalty on service tax and interest on late deposit of service tax is allowable Decided in favour of assessee.
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