'The Imitation Game', the Benedict Cumberbatch-starrer British World War II drama about code-breaker Alan Turing, closely followed with eight nominations.
'Boyhood', Richard Linklater's coming-of-age tale about childhood, which took 12-years to complete, was predicted to score big, but managed to garner just six nominations.
Its chances on February 22, however, remain bright as the film is competing in key categories like best picture, director, original screenplay and supporting actors.
The biggest surprise in the nominations list was the love given to 'The Grand Budapest Hotel' as the Academy generally favours more recent releases while the film released last March.
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It was one of the nominees in the best picture category along with 'Birdman', 'The Imitation Game' 'American Sniper', 'Boyhood', 'Selma', 'The Theory of Everything' and 'Whiplash'.
'Budapest', a whimsical tale about a colourful hotel concierge, also fetched Wes Anderson a best director and original screenplay nominations.
Inarritu is nominated as the best director with Richard Linklater 'Boyhood', Bennett Miller of 'Foxcatcher', Anderson for 'Budapest' and Morten Tyldum of 'The Imitation Game'.
Michael Keaton, who plays the role of a washed up actor seeking to resurrect his career in 'Birdman', scored a best actor nomination while Emma Stone was nominated for best supporting honours for the same film.
He will fight it out with Cumberbatch for 'The Imitation Game', Cooper for 'American Sniper', Steve Carell for 'Foxcatcher' and another British star, Golden Globe winner Eddie Redmayne for his role as scientist Stephen Hawking in 'The Theory of Everything'.