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2022 (1) TMI 239 - AT - Income TaxDisallowance u/s 14A r.w.r. 8D - CIT-A deleted the addition - HELD THAT:- We find that Ld.CIT(A has followed the judgements of Hon’ble Delhi High Court rendered in the case of CIT vs Holcim India Ltd. [2014 (9) TMI 434 - DELHI HIGH COURT] and CIT vs Cheminvest Ltd. [2015 (9) TMI 238 - DELHI HIGH COURT]. Revenue has not brought to our notice any other binding precedents by the Hon’ble High Court and Hon’ble Supreme Court and therefore, we do not see any reason to interfere in the finding of Ld.CIT(A), the same is hereby affirmed. Thus, Ground No.1 raised by the Revenue is dismissed. Addition made u/s 14A r.w.Rule 8D of the Rules while calculating MAT liabilities u/s 115JB - CIT-A deleted the addition - HELD THAT:- CIT(A) has decided the issue by following the judgement of Hon’ble Delhi High Court rendered in the case of CIT vs Bhushan Steel Ltd.[2015 (9) TMI 1424 - DELHI HIGH COURT]. We do not see any infirmity in the finding of Ld. CIT(A), the same is hereby affirmed. Expenditure related to employees stock option cost - CIT-A deleted the addition - HELD THAT:- Keeping in view clear judicial decisions of higher Courts in the appellant's case only wherein the same issue has been decided in the assessee's favour, the disallowance made by the AO of expenses on account of ESOP is deleted. Disallowance in respect of late deposit of ESI/EPF contribution - HELD THAT:- Issue decided in favour of assessee as relying on PRO INTERACTIVE SERVICE (INDIA) PVT. LTD. [2018 (9) TMI 2009 - DELHI HIGH COURT] and AIMIL LIMITED [2009 (12) TMI 38 - DELHI HIGH COURT] - Decided against revenue.
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