https://www.taxtmi.com/caselaws?id=212114 HC held for the assessee: where shares are held as stock-in-trade and dividend arises incidentally from unsold shares, expenditures incurred for trading (including brokerage and other business expenses) need not be apportioned and disallowed under s.14A. Since the assessee did not retain shares with the intention of earning dividend and incurred no separate expenditure to earn dividend income, no notional expenditure can be deducted from dividend; therefore disallowance under s.14A is not warranted. Decision in favour of the assessee. en-us Tue, 28 Feb 2012 00:00:00 +0530 Mon, 18 Aug 2025 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212114 HC held for the assessee: where shares are held as stock-in-trade and dividend arises incidentally from unsold shares, expenditures incurred for trading (including brokerage and other business expenses) need not be apportioned and disallowed under s.14A. Since the assessee did not retain shares with the intention of earning dividend and incurred no separate expenditure to earn dividend income, no notional expenditure can be deducted from dividend; therefore disallowance under s.14A is not warranted. Decision in favour of the assessee. Case-Laws Income Tax Tue, 28 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212114