https://www.taxtmi.com/caselaws?id=269595 The tribunal affirmed the tax authorities' decisions on disallowing the loss on revaluation of shares claimed as business loss, disallowance under section 14A related to dividend income and interest expenditure, and disallowance of interest expenditure claimed against property income. The tribunal emphasized the intention to hold shares as investments rather than for trading purposes, application of section 14A based on the nature of investments and interest expenditure, and allowed interest expenditure under "Income from House property" due to the property's usage and rental income computation. en-us Tue, 24 Nov 2015 00:00:00 +0530 Thu, 17 Dec 2015 06:45:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269595 The tribunal affirmed the tax authorities' decisions on disallowing the loss on revaluation of shares claimed as business loss, disallowance under section 14A related to dividend income and interest expenditure, and disallowance of interest expenditure claimed against property income. The tribunal emphasized the intention to hold shares as investments rather than for trading purposes, application of section 14A based on the nature of investments and interest expenditure, and allowed interest expenditure under "Income from House property" due to the property's usage and rental income computation. Case-Laws Income Tax Tue, 24 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269595