https://www.taxtmi.com/caselaws?id=240982 The appellate tribunal ruled in favor of the assessee on both issues. The disallowance under section 14A for dividend income from shares held as stock-in-trade was not applicable as the appellant demonstrated that the shares were held for trading purposes. Additionally, the tribunal allowed the rebate under section 88E to be considered while computing the assessment under section 115JB, following precedents supporting the deduction of STT paid on taxable securities transactions. The appellant's appeal was allowed based on these findings. en-us Wed, 06 Feb 2013 00:00:00 +0530 Sun, 15 Dec 2013 10:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240982 The appellate tribunal ruled in favor of the assessee on both issues. The disallowance under section 14A for dividend income from shares held as stock-in-trade was not applicable as the appellant demonstrated that the shares were held for trading purposes. Additionally, the tribunal allowed the rebate under section 88E to be considered while computing the assessment under section 115JB, following precedents supporting the deduction of STT paid on taxable securities transactions. The appellant's appeal was allowed based on these findings. Case-Laws Income Tax Wed, 06 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240982