https://www.taxtmi.com/caselaws?id=241055 ITAT MUMBAI allowed rebate under s.88E against MAT liability determined u/s 115JB only to the extent of tax attributable to profits from taxable securities transactions, affirming the bench's consistent view which HC has upheld in earlier precedent. Regarding s.14A read with r.8D, the Tribunal held r.8D applies even to shares held as stock-in-trade; the revenue's disallowance of Rs.12,23,627 was partly deleted and partly confirmed. Result: partial relief to the assessee. en-us Wed, 27 Nov 2013 00:00:00 +0530 Mon, 15 Sep 2025 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241055 ITAT MUMBAI allowed rebate under s.88E against MAT liability determined u/s 115JB only to the extent of tax attributable to profits from taxable securities transactions, affirming the bench's consistent view which HC has upheld in earlier precedent. Regarding s.14A read with r.8D, the Tribunal held r.8D applies even to shares held as stock-in-trade; the revenue's disallowance of Rs.12,23,627 was partly deleted and partly confirmed. Result: partial relief to the assessee. Case-Laws Income Tax Wed, 27 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241055