https://www.taxtmi.com/caselaws?id=250205 The Tribunal upheld the disallowance of expenses under section 14A read with Rule 8D at Rs. 2,24,086, rejecting the lower amount determined by the Ld. CIT(A). Regarding the addition of Rs. 1 crore for unsubstantiated purchase and sale values of shares, the Tribunal remanded the issue for further investigation by the AO to ascertain the actual nature of the business activity involving shares of Private Limited Companies. en-us Wed, 23 Jul 2014 00:00:00 +0530 Wed, 06 Aug 2014 08:09:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250205 The Tribunal upheld the disallowance of expenses under section 14A read with Rule 8D at Rs. 2,24,086, rejecting the lower amount determined by the Ld. CIT(A). Regarding the addition of Rs. 1 crore for unsubstantiated purchase and sale values of shares, the Tribunal remanded the issue for further investigation by the AO to ascertain the actual nature of the business activity involving shares of Private Limited Companies. Case-Laws Income Tax Wed, 23 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250205