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2018 (9) TMI 348 - AT - Income TaxDisallowance u/s 14A read with Rule 8D - Held that:- The facts of the case are identical to the facts of A. Y. 2008-09 wherein the Hon’ble Delhi High Court in case of H. T. Media Ltd. Vs. Principal CIT (2017 (8) TMI 962 - DELHI HIGH COURT) held that in the facts of the case no disallowance on account of interest is called for and disallowance made by the company of ₹ 3 lac on account of administrative expenses is to be upheld, since the Assessing Officer had not recorded any satisfaction. Disallowance on account of computer peripherals - Held that:- This issue is covered in favour of the assessee by the order of the Tribunal in assessee’s own case for A. Y. 2007-08 wherein the ratio laid down by the Hon’ble High Court in case of BSES Yamuna Power Ltd. [2010 (8) TMI 58 - DELHI HIGH COURT] wherein the entitlement to the higher rate of depreciation on computer peripherals has been laid down by deciding the issue in favour of the assessee. Allowability of club expenses - Held that:- This issue is covered in favour of the assessee by the Tribunal for A. Y. 2007-08 in assessee’s own case wherein the ratio of the Hon’ble Apex Court in case of United Glass Manufacturing Co. Ltd. (2012 (9) TMI 914 - SUPREME COURT) has been followed.
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