https://www.taxtmi.com/caselaws?id=261948 The Tribunal partly allowed the revenue's appeal for statistical purposes, remanding the issue of disallowance of speculation loss to the Assessing Officer (AO) for fresh examination to determine the principal business of the assessee. However, the addition of expenses for earning exempt income under section 14A of the Act was decided in favor of the assessee, with the Tribunal upholding the CIT(A)'s decision to delete the disallowance due to the lack of a clear nexus between expenditure and exempted income. en-us Thu, 30 Apr 2015 00:00:00 +0530 Tue, 28 Jul 2015 06:54:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261948 The Tribunal partly allowed the revenue's appeal for statistical purposes, remanding the issue of disallowance of speculation loss to the Assessing Officer (AO) for fresh examination to determine the principal business of the assessee. However, the addition of expenses for earning exempt income under section 14A of the Act was decided in favor of the assessee, with the Tribunal upholding the CIT(A)'s decision to delete the disallowance due to the lack of a clear nexus between expenditure and exempted income. Case-Laws Income Tax Thu, 30 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261948