https://www.taxtmi.com/caselaws?id=245924 The Tribunal upheld the allowance of business loss under section 73 of the Income Tax Act, determining that the losses incurred were due to error trades and not speculative activities. Additionally, the Tribunal affirmed the disallowance under section 14A of the Income Tax Act, ruling in favor of the Revenue's calculation of disallowance under Rule 8D(2)(iii) for administrative expenses related to tax-free investments. Both appeals were dismissed, maintaining the decisions made by the Ld. CIT(A). en-us Wed, 02 Apr 2014 00:00:00 +0530 Sat, 05 Mar 2016 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245924 The Tribunal upheld the allowance of business loss under section 73 of the Income Tax Act, determining that the losses incurred were due to error trades and not speculative activities. Additionally, the Tribunal affirmed the disallowance under section 14A of the Income Tax Act, ruling in favor of the Revenue's calculation of disallowance under Rule 8D(2)(iii) for administrative expenses related to tax-free investments. Both appeals were dismissed, maintaining the decisions made by the Ld. CIT(A). Case-Laws Income Tax Wed, 02 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245924