https://www.taxtmi.com/caselaws?id=270152 The Tribunal upheld the CIT(A) order and dismissed the Revenue's appeal, directing the Assessing Officer to delete the disallowance made under section 14A. The decision clarified that disallowance under section 14A does not apply to dividend income earned on shares held as stock in trade, based on precedent cases and the nature of the assessee's business. en-us Fri, 04 Sep 2015 00:00:00 +0530 Tue, 29 Dec 2015 20:38:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270152 The Tribunal upheld the CIT(A) order and dismissed the Revenue's appeal, directing the Assessing Officer to delete the disallowance made under section 14A. The decision clarified that disallowance under section 14A does not apply to dividend income earned on shares held as stock in trade, based on precedent cases and the nature of the assessee's business. Case-Laws Income Tax Fri, 04 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270152