https://www.taxtmi.com/caselaws?id=240983 The Revenue's appeal against the CIT (A)'s order restricting disallowance under Section 14A of the IT Act was allowed for statistical purposes. The Tribunal referred the issues of disallowance under Section 14A and the applicability of Rule 8D back to the AO for fresh adjudication in line with relevant judgments. The Tribunal emphasized the need for the assessee to demonstrate that the exempt income was earned from shares held for trading purposes, setting aside the issues for further examination. en-us Wed, 06 Feb 2013 00:00:00 +0530 Sun, 15 Dec 2013 10:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240983 The Revenue's appeal against the CIT (A)'s order restricting disallowance under Section 14A of the IT Act was allowed for statistical purposes. The Tribunal referred the issues of disallowance under Section 14A and the applicability of Rule 8D back to the AO for fresh adjudication in line with relevant judgments. The Tribunal emphasized the need for the assessee to demonstrate that the exempt income was earned from shares held for trading purposes, setting aside the issues for further examination. Case-Laws Income Tax Wed, 06 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240983