https://www.taxtmi.com/caselaws?id=241640 The Tribunal allowed the revenue's appeal for statistical purposes, directing the AO to re-examine the nature of shares held by the assessee and make necessary computations in accordance with the law. The Tribunal confirmed the disallowance upheld by the CIT(A) regarding expenses under section 14A of the Income Tax Act but required further examination by the AO to determine if the shares were stock-in-trade or investments. en-us Thu, 26 Dec 2013 00:00:00 +0530 Sat, 28 Dec 2013 09:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241640 The Tribunal allowed the revenue's appeal for statistical purposes, directing the AO to re-examine the nature of shares held by the assessee and make necessary computations in accordance with the law. The Tribunal confirmed the disallowance upheld by the CIT(A) regarding expenses under section 14A of the Income Tax Act but required further examination by the AO to determine if the shares were stock-in-trade or investments. Case-Laws Income Tax Thu, 26 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241640