https://www.taxtmi.com/caselaws?id=176962 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing the appeals regarding the disallowance under section 14A of the Income Tax Act, 1961, and the deletion of the addition for mark-to-market loss on derivative transactions. The Tribunal followed the decision of the Jurisdictional High Court in the case of Godrej & Boyce Manufacturing Co. Ltd. for the disallowance under section 14A and referenced a similar decision in favor of the assessee for the deletion of the mark-to-market loss. The judgments were pronounced on 30th January 2013. en-us Wed, 30 Jan 2013 00:00:00 +0530 Sat, 18 Mar 2023 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176962 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing the appeals regarding the disallowance under section 14A of the Income Tax Act, 1961, and the deletion of the addition for mark-to-market loss on derivative transactions. The Tribunal followed the decision of the Jurisdictional High Court in the case of Godrej & Boyce Manufacturing Co. Ltd. for the disallowance under section 14A and referenced a similar decision in favor of the assessee for the deletion of the mark-to-market loss. The judgments were pronounced on 30th January 2013. Case-Laws Income Tax Wed, 30 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176962