https://www.taxtmi.com/caselaws?id=182897 The Tribunal partially allowed the appeal, reducing the disallowance under section 14A of the Income-tax Act to Rs. 6.89 lakhs and overturning the addition of Rs. 1.01 lakhs made in respect of salary paid to an individual. The Tribunal held that stock in trade (shares) could not be considered for disallowance under section 14A and found discrepancies in the Assessing Officer's claim regarding the individual's salary increase, ultimately ruling in favor of the appellant. en-us Fri, 11 Sep 2015 00:00:00 +0530 Mon, 23 May 2016 10:03:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182897 The Tribunal partially allowed the appeal, reducing the disallowance under section 14A of the Income-tax Act to Rs. 6.89 lakhs and overturning the addition of Rs. 1.01 lakhs made in respect of salary paid to an individual. The Tribunal held that stock in trade (shares) could not be considered for disallowance under section 14A and found discrepancies in the Assessing Officer's claim regarding the individual's salary increase, ultimately ruling in favor of the appellant. Case-Laws Income Tax Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182897