https://www.taxtmi.com/caselaws?id=269082 The Department's appeal against the deletion of an addition under section 14A of the Income Tax Act, 1961 was dismissed. The ITAT held that the expenditure incurred in acquiring shares was not solely for earning dividend income but was part of the business. As the shares were not retained for earning dividends, the CIT(A) rightly deleted the addition made by the AO. en-us Thu, 08 Oct 2015 00:00:00 +0530 Tue, 08 Dec 2015 10:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269082 The Department's appeal against the deletion of an addition under section 14A of the Income Tax Act, 1961 was dismissed. The ITAT held that the expenditure incurred in acquiring shares was not solely for earning dividend income but was part of the business. As the shares were not retained for earning dividends, the CIT(A) rightly deleted the addition made by the AO. Case-Laws Income Tax Thu, 08 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269082