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2024 (2) TMI 701 - ITAT DELHIDisallowance being amortization of lease payment - HELD THAT:- As respectfully following the findings of the co-ordinate bench, in assessee’s own case for A.Y. 2016-17 [2022 (11) TMI 1447 - ITAT DELHI] amortization portion of the lease taken from Noida authority is decided against the assessee and the challenge in respect of land at Vishakapatnam and Tuticorn is restored to the file of the Assessing Officer to be decided as per directions given in Assessment Year 2012-13.Appeals of the assessee are partly allowed for statistical purposes. Disallowance u/s 14A r.w.r. 8D - assessee submitted that admittedly for the assessment years under consideration the assessee has not earned any exempt income and therefore provisions of section 14A of the Act could not be attracted - HELD THAT:- There is no dispute that the assessee has not earned any exempt income during the assessment years in question. The Coordinate Bench in assessee’s own case for A.Y. 2016-17 [2022 (11) TMI 1447 - ITAT DELHI] has adjudicated identical issue in favour of the assessee. Claims of deemed tax credit under DTAA between India and Oman - HELD THAT:- As decided in assessee’s own case for A.Y. 2016-17 [2022 (11) TMI 1447 - ITAT DELHI] tax exemption on dividend is granted with the objective of promoting economic development within Oman by attracting investments.
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