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    <title>2010 (11) TMI 851 - ITAT MUMBAI</title>
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    <description>The Tribunal partly allowed the appeal, directing the restoration of the disallowed sum of Rs. 1.00 lac related to disallowance under section 14A for tax-free interest income and dividends. Additionally, the Tribunal instructed the Assessing Officer to allow the appellant&#039;s claim of Mark to Market Loss on Future Contracts amounting to Rs. 9,25,911, based on the treatment of anticipated losses on derivatives as stock-in-trade.</description>
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      <link>https://www.taxtmi.com/caselaws?id=150395</link>
      <description>The Tribunal partly allowed the appeal, directing the restoration of the disallowed sum of Rs. 1.00 lac related to disallowance under section 14A for tax-free interest income and dividends. Additionally, the Tribunal instructed the Assessing Officer to allow the appellant&#039;s claim of Mark to Market Loss on Future Contracts amounting to Rs. 9,25,911, based on the treatment of anticipated losses on derivatives as stock-in-trade.</description>
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      <pubDate>Fri, 26 Nov 2010 00:00:00 +0530</pubDate>
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