https://www.taxtmi.com/caselaws?id=236066 The Tribunal upheld the decisions of the CIT(A) in dismissing the appeal of the assessee. The demutualization expenses were deemed as capital expenditure, based on the transformation of the entity and the increase in paid-up share capital. Additionally, the disallowance under Section 14A was upheld due to the active monitoring of investments by the assessee's management, as evidenced by the sale and purchase of mutual fund investments. en-us Fri, 26 Jul 2013 00:00:00 +0530 Tue, 13 Aug 2013 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236066 The Tribunal upheld the decisions of the CIT(A) in dismissing the appeal of the assessee. The demutualization expenses were deemed as capital expenditure, based on the transformation of the entity and the increase in paid-up share capital. Additionally, the disallowance under Section 14A was upheld due to the active monitoring of investments by the assessee's management, as evidenced by the sale and purchase of mutual fund investments. Case-Laws Income Tax Fri, 26 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236066