https://www.taxtmi.com/caselaws?id=269813 The Tribunal upheld the decisions of the CIT(A) in a tax case involving derivative transactions, interest expenses, disallowance under Section 14A, Security Transaction Tax (STT), and rebate under Section 88E. It ruled that derivative transactions were non-speculative for the entire assessment year 2006-07, allowing interest expenses related to such transactions. Disallowance under Section 14A was reduced, STT was not an allowable expense, and rebate under Section 88E against Minimum Alternate Tax provisions was permitted. The Revenue's appeals were dismissed, affirming the CIT(A)'s decisions. en-us Wed, 16 Dec 2015 00:00:00 +0530 Tue, 22 Dec 2015 06:10:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269813 The Tribunal upheld the decisions of the CIT(A) in a tax case involving derivative transactions, interest expenses, disallowance under Section 14A, Security Transaction Tax (STT), and rebate under Section 88E. It ruled that derivative transactions were non-speculative for the entire assessment year 2006-07, allowing interest expenses related to such transactions. Disallowance under Section 14A was reduced, STT was not an allowable expense, and rebate under Section 88E against Minimum Alternate Tax provisions was permitted. The Revenue's appeals were dismissed, affirming the CIT(A)'s decisions. Case-Laws Income Tax Wed, 16 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269813