https://www.taxtmi.com/caselaws?id=181791 The Tribunal allowed the appeal for the assessment year 2006-07, ruling that disallowance under section 14A was not applicable as the dividend income was incidental to the trading business, not from an investment portfolio. For the assessment year 2007-08, the Tribunal partially allowed the appeal, remitting the matter back to the Assessing Officer for a fresh decision on interest expenditure disallowance due to inadequate consideration of the appellant's detailed interest computation. The judgment stressed the importance of a lack of investment portfolio for section 14A disallowance and the necessity of a comprehensive review of interest computations. en-us Fri, 15 May 2015 00:00:00 +0530 Mon, 25 Apr 2016 12:36:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181791 The Tribunal allowed the appeal for the assessment year 2006-07, ruling that disallowance under section 14A was not applicable as the dividend income was incidental to the trading business, not from an investment portfolio. For the assessment year 2007-08, the Tribunal partially allowed the appeal, remitting the matter back to the Assessing Officer for a fresh decision on interest expenditure disallowance due to inadequate consideration of the appellant's detailed interest computation. The judgment stressed the importance of a lack of investment portfolio for section 14A disallowance and the necessity of a comprehensive review of interest computations. Case-Laws Income Tax Fri, 15 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181791