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2019 (5) TMI 1441 - AT - Income TaxDisallowance u/s.14A r.w.r. 8D - HELD THAT:- We find that the assessee has not earned any exempt income during the year under consideration. Thus this grievance of the assessee has to be allowed following the judgment of the Special Bench of the Tribunal in the case of Cheminvest Ltd. Vs. CIT 2009 (8) TMI 126 - ITAT DELHI-B] which has been affirmed by the Hon’ble High Court of Delhi [2015 (9) TMI 238 - DELHI HIGH COURT] - Decided against revenue Disallowance of EPF & ESI-contribution - belated deposits after the grace period - HELD THAT:- Though the coordinate bench [2018 (5) TMI 1882 - ITAT DELHI] has decided this issue in favour of the assessee but now with the decision of Hon’ble High Court Delhi in the case of Bharat Hotels Limited [2018 (9) TMI 798 - DELHI HIGH COURT] the same has to be decided against the assessee and in favour of the revenue since the Hon’ble High Court has held that employees contribution provident fund and ESI contribution has to be deposited within the grace period and since in the present case the deposit have been made after the grace period the same cannot be allowed. - Decided in favour of revenue Claim of deduction u/s.10 A and 80 IB - HELD THAT:- As decided in assessee's own case it cannot be said that the eligible units had borrowed funds from the Head Office - the debtors of the eligible units were realized by the Head Office and accordingly, necessary entries were passed through Head Office account. Considering the factual matrix exhibited in the statement of account, it can be stated that the eligible units have not borne any financial charges and therefore, no allocation of financial charges is to be made between these eligible units. Thus not necessary to remit the matter to the Assessing Officer for verification once again. - Decided against revenue
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