https://www.taxtmi.com/caselaws?id=269590 The Tribunal ruled in favor of the assessee, holding that the disallowance under section 14A was not justified due to the nature of the assessee's trading activities and the incidental nature of the dividend income. The Tribunal emphasized that expenses related to trading in shares should not be disallowed solely because of incidental dividend income. The decision was based on legal precedents and specific case circumstances, leading to the deletion of the disallowance made by the Assessing Officer. en-us Fri, 20 Mar 2015 00:00:00 +0530 Thu, 17 Dec 2015 06:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269590 The Tribunal ruled in favor of the assessee, holding that the disallowance under section 14A was not justified due to the nature of the assessee's trading activities and the incidental nature of the dividend income. The Tribunal emphasized that expenses related to trading in shares should not be disallowed solely because of incidental dividend income. The decision was based on legal precedents and specific case circumstances, leading to the deletion of the disallowance made by the Assessing Officer. Case-Laws Income Tax Fri, 20 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269590