https://www.taxtmi.com/caselaws?id=241703 The ITAT allowed the assessee's appeals for statistical purposes, remanding specific issues to the CIT (A) for further adjudication. The core issues included interest-free advances and loans, double taxation on share transactions, and the application of Section 14A and Rule-8D. The ITAT directed the CIT (A) to pass a speaking order on the nexus between interest-free advances and loans, ensure consistent treatment to avoid double taxation on share transactions, and granted opportunities for necessary calculations and evidence. The appeals were allowed with instructions for fair and consistent tax assessment treatment. en-us Fri, 20 Dec 2013 00:00:00 +0530 Mon, 30 Dec 2013 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241703 The ITAT allowed the assessee's appeals for statistical purposes, remanding specific issues to the CIT (A) for further adjudication. The core issues included interest-free advances and loans, double taxation on share transactions, and the application of Section 14A and Rule-8D. The ITAT directed the CIT (A) to pass a speaking order on the nexus between interest-free advances and loans, ensure consistent treatment to avoid double taxation on share transactions, and granted opportunities for necessary calculations and evidence. The appeals were allowed with instructions for fair and consistent tax assessment treatment. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241703