https://www.taxtmi.com/caselaws?id=267198 The appeals in this case involved three main issues. Firstly, the disallowance of expenses under Sec. 14A of the Act was partially allowed by the Tribunal, directing a 5% disallowance of dividend income. Secondly, the deletion of disallowance under Sec. 40(a)(ia) for VSAT and Leaseline charges was upheld in favor of the assessee based on previous decisions. Lastly, the treatment of Short Term Capital Gain as business income was reversed by the Tribunal in favor of the assessee, directing the AO to treat it as capital gain. Overall, the appeals by both parties were partly allowed. en-us Wed, 02 Sep 2015 00:00:00 +0530 Mon, 02 Nov 2015 07:46:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267198 The appeals in this case involved three main issues. Firstly, the disallowance of expenses under Sec. 14A of the Act was partially allowed by the Tribunal, directing a 5% disallowance of dividend income. Secondly, the deletion of disallowance under Sec. 40(a)(ia) for VSAT and Leaseline charges was upheld in favor of the assessee based on previous decisions. Lastly, the treatment of Short Term Capital Gain as business income was reversed by the Tribunal in favor of the assessee, directing the AO to treat it as capital gain. Overall, the appeals by both parties were partly allowed. Case-Laws Income Tax Wed, 02 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267198