https://www.taxtmi.com/caselaws?id=180294 Dividend earned incidentally from shares held as stock-in-trade was treated as part of trading activity, so expenditure relatable to that income was not subject to disallowance under section 14A read with Rule 8D. The Tribunal followed its earlier view in the same assessee's case and the Karnataka High Court's principle that dividend from trading stock is incidental, and therefore the Assessing Officer's Rule 8D computation could not be sustained. The disallowance was rejected and the assessee's claim was accepted. en-us Wed, 13 Feb 2013 00:00:00 +0530 Fri, 02 Jun 2017 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180294 Dividend earned incidentally from shares held as stock-in-trade was treated as part of trading activity, so expenditure relatable to that income was not subject to disallowance under section 14A read with Rule 8D. The Tribunal followed its earlier view in the same assessee's case and the Karnataka High Court's principle that dividend from trading stock is incidental, and therefore the Assessing Officer's Rule 8D computation could not be sustained. The disallowance was rejected and the assessee's claim was accepted. Case-Laws Income Tax Wed, 13 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180294