https://www.taxtmi.com/caselaws?id=180278 The ITAT Kolkata partially allowed the revenue's appeals related to setting off short-term capital gains against loss in speculation business and deletion of disallowance under section 14A. The delay in appeals by revenue was condoned, and the appeals were admitted. The CIT(A) allowed the claim of the assessee for setting off business loss under short-term capital gains. The disallowance under section 14A was restricted by the Hon'ble Bombay High Court. The decision was based on specific facts, legal provisions, and precedents. en-us Fri, 23 Mar 2012 00:00:00 +0530 Fri, 07 Jul 2017 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180278 The ITAT Kolkata partially allowed the revenue's appeals related to setting off short-term capital gains against loss in speculation business and deletion of disallowance under section 14A. The delay in appeals by revenue was condoned, and the appeals were admitted. The CIT(A) allowed the claim of the assessee for setting off business loss under short-term capital gains. The disallowance under section 14A was restricted by the Hon'ble Bombay High Court. The decision was based on specific facts, legal provisions, and precedents. Case-Laws Income Tax Fri, 23 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180278