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    <title>2016 (11) TMI 1705 - ITAT KOLKATA</title>
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    <description>The Tribunal allowed the assessee&#039;s Cross Objections (COs) and appeals challenging the validity of section 153C proceedings, eligibility for additional depreciation, and festival celebration expenses. It directed the Assessing Officer to reevaluate the disallowance under section 14A for strategic investments. The Revenue&#039;s appeals were dismissed, and the outcome of the assessee&#039;s appeals varied based on specific grounds.</description>
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      <description>The Tribunal allowed the assessee&#039;s Cross Objections (COs) and appeals challenging the validity of section 153C proceedings, eligibility for additional depreciation, and festival celebration expenses. It directed the Assessing Officer to reevaluate the disallowance under section 14A for strategic investments. The Revenue&#039;s appeals were dismissed, and the outcome of the assessee&#039;s appeals varied based on specific grounds.</description>
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