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2019 (11) TMI 1182 - AT - Income TaxDisallowance of expenses u/s.14A - HELD THAT:- As decided in own case AY 2011-12 [2018 (9) TMI 1691 - ITAT PUNE] formula adopted by the assessee of allocating the cost to earning of exempt income has been adopted for working out disallowance - Disallowance under section 14A of the Act is to be restricted. Hence, the ground of appeal partly allowed - same parity of reasoning to be applied and we remit the issue back to the file of the Assessing Officer to adjudicate the issue in lines of the order of the Tribunal in assessee‟s own case for assessment year 2011-12 Claim of deduction u/s.35(2AB) - HELD THAT:- As relying on assessee;s own case we direct the Assessing Officer to allow weighted deduction under section 35(2AB) Disallowance of additional depreciation - HELD THAT:- in the case of Commissioner of Income Tax and another Vs. Rittal India Pvt. Ltd. [2016 (1) TMI 81 - KARNATAKA HIGH COURT] and Commissioner of Income Tax Vs. Shri T.P. Textiles Pvt. Ltd. [2017 (3) TMI 739 - MADRAS HIGH COURT] and in both these cases, it has been unanimously observed and held that the assessee can claim balance depreciation in the subsequent assessment year. - Decided in favour of assessee
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