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2022 (7) TMI 1414 - AT - Income TaxCarry forward and set–off of long term capital loss incurred on transaction of sale of equity shares as subject to payment of Securities Transaction Tax (STT) - HELD THAT:- As decided in own case [2022 (1) TMI 537 - ITAT MUMBAI] as following the aforesaid decision in case of Raptakos Brett & Co. Ltd. [2015 (6) TMI 529 - ITAT MUMBAI] has attained finality as the appeal preferred by the department against the said decision has been dismissed by the Hon’ble Jurisdictional High Court, though, due to non-prosecution. Thus, we do not find any infirmity in the order of the Ld.CIT(A) in allowing the claim of carry forward of Long Term Capital Loss arising from sale of equity shares. Disallowance u/s 14A - HELD THAT:- As decided in own case [2022 (1) TMI 537 - ITAT MUMBAI] disallowance u/s. 14A of the Act cannot be more than the exempt income earned by the assessee. Therefore, we are in agreement with the finding of the Ld.CIT(A) and we do not find any reasons to interfere with the finding of the Ld.CIT(A). Accordingly, ground raised by the revenue is dismissed. Addition on account of Helicopter / air craft charges - HELD THAT:- As decided in own case [2022 (1) TMI 537 - ITAT MUMBAI] in the case of the assessee has allowed 1/7th of the expenses incurred by the assessee as personal. Ld.CIT(A) has relied on the above finding and accordingly, allowed the appeal filed by the assessee before him. No reason to disturb or interfere with the above finding. Accordingly, ground raised by the revenue is dismissed. Addition on account of software license charges - HELD THAT:- As decided in own case [2022 (1) TMI 537 - ITAT MUMBAI] CIT(A) allowed the software licence charges expenses claimed by the assessee by relying on case of DCIT v. Integrated Technology Solutions Pvt. Ltd [2016 (4) TMI 30 - ITAT MUMBAI] After considering the detailed findings of the Ld.CIT(A) we do not find any reason to interfere with the findings of the Ld.CIT(A). Therefore, the grounds raised by the revenue is dismissed.
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