https://www.taxtmi.com/caselaws?id=252525 The Tribunal upheld the CIT(A)'s decision allowing the set-off of delivery-based share trading loss against derivative profits, emphasizing that both types of transactions are non-speculative. Additionally, the Tribunal confirmed the CIT(A)'s reduction of the disallowance under Section 14A, stating that Rule 8D does not apply to shares held as stock in trade. The revenue's appeal was dismissed, affirming the CIT(A)'s order on both issues. en-us Tue, 21 Oct 2014 00:00:00 +0530 Mon, 04 May 2015 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252525 The Tribunal upheld the CIT(A)'s decision allowing the set-off of delivery-based share trading loss against derivative profits, emphasizing that both types of transactions are non-speculative. Additionally, the Tribunal confirmed the CIT(A)'s reduction of the disallowance under Section 14A, stating that Rule 8D does not apply to shares held as stock in trade. The revenue's appeal was dismissed, affirming the CIT(A)'s order on both issues. Case-Laws Income Tax Tue, 21 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252525