https://www.taxtmi.com/caselaws?id=238086 The Tribunal dismissed all appeals filed by the Revenue, upholding the CIT(A)'s decisions. It found that the "off-market transactions" were genuine, conducted at market rates, and not in violation of Section 19(1) of the Securities Contracts (Regulation) Act, 1956. The disallowance of losses in such transactions was deleted as they were conducted at market rates. Additionally, the disallowance of interest expenses under Section 14A was not sustained as the assessee was considered a dealer in shares. en-us Fri, 31 May 2013 00:00:00 +0530 Wed, 16 Oct 2013 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238086 The Tribunal dismissed all appeals filed by the Revenue, upholding the CIT(A)'s decisions. It found that the "off-market transactions" were genuine, conducted at market rates, and not in violation of Section 19(1) of the Securities Contracts (Regulation) Act, 1956. The disallowance of losses in such transactions was deleted as they were conducted at market rates. Additionally, the disallowance of interest expenses under Section 14A was not sustained as the assessee was considered a dealer in shares. Case-Laws Income Tax Fri, 31 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238086