https://www.taxtmi.com/caselaws?id=219106 The Tribunal partially allowed the appeal filed by the Revenue and the cross objection filed by the assessee for statistical purposes. Regarding the allowance of rebate under sec. 88E of the Income-tax Act, the Tribunal directed the Assessing Officer to verify if the rebate was claimed for transactions without STT payment and allow the rebate accordingly. Concerning the disallowance made under sec. 14A, the Tribunal set aside the issue for further examination by the Assessing Officer to establish a valid nexus between the exempt income and the expenditure incurred before making any disallowance. en-us Tue, 31 Jan 2012 00:00:00 +0530 Mon, 12 Nov 2012 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219106 The Tribunal partially allowed the appeal filed by the Revenue and the cross objection filed by the assessee for statistical purposes. Regarding the allowance of rebate under sec. 88E of the Income-tax Act, the Tribunal directed the Assessing Officer to verify if the rebate was claimed for transactions without STT payment and allow the rebate accordingly. Concerning the disallowance made under sec. 14A, the Tribunal set aside the issue for further examination by the Assessing Officer to establish a valid nexus between the exempt income and the expenditure incurred before making any disallowance. Case-Laws Income Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219106