https://www.taxtmi.com/caselaws?id=240984 The Tribunal upheld the CIT (A)'s decision on the treatment of short term capital gain, allowing the appellant's claim of short term capital loss by selling only the original shares. The Tribunal remanded the issue of disallowance under section 14A for fresh adjudication, directing the AO to reject the basis adopted by the assessee and decide the disallowable sum under section 14A afresh, following the judgment in the Godrej & Boyce Mfg. Co. Ltd. case. The appeal was partly allowed, with the ground raised by the Revenue allowed for statistical purposes. en-us Wed, 06 Feb 2013 00:00:00 +0530 Sun, 15 Dec 2013 10:30:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240984 The Tribunal upheld the CIT (A)'s decision on the treatment of short term capital gain, allowing the appellant's claim of short term capital loss by selling only the original shares. The Tribunal remanded the issue of disallowance under section 14A for fresh adjudication, directing the AO to reject the basis adopted by the assessee and decide the disallowable sum under section 14A afresh, following the judgment in the Godrej & Boyce Mfg. Co. Ltd. case. The appeal was partly allowed, with the ground raised by the Revenue allowed for statistical purposes. Case-Laws Income Tax Wed, 06 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240984