https://www.taxtmi.com/caselaws?id=176685 The case addressed issues related to disallowance under section 14A and Rule 8D for interest expenditure used in trading shares, deletion of disallowance made under section 14A, and the applicability of Rule 8D to investments and stock in trade. The First Appellate Authority directed the Assessing Officer to recompute the disallowance, ultimately resulting in the deletion of the initial disallowance made under section 14A. The Tribunal clarified that disallowance under section 14A and Rule 8D applies only to investments and not shares held as stock in trade, leading to the dismissal of the AO's appeal. en-us Mon, 03 Aug 2015 00:00:00 +0530 Sat, 26 Dec 2015 13:28:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176685 The case addressed issues related to disallowance under section 14A and Rule 8D for interest expenditure used in trading shares, deletion of disallowance made under section 14A, and the applicability of Rule 8D to investments and stock in trade. The First Appellate Authority directed the Assessing Officer to recompute the disallowance, ultimately resulting in the deletion of the initial disallowance made under section 14A. The Tribunal clarified that disallowance under section 14A and Rule 8D applies only to investments and not shares held as stock in trade, leading to the dismissal of the AO's appeal. Case-Laws Income Tax Mon, 03 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176685