https://www.taxtmi.com/caselaws?id=185573 The Tribunal addressed the disallowance of short term capital loss u/s. 94(7) and disallowance u/s 14A r.w.r. 8D of the I.T. Rules. It directed the AO to reexamine the disallowances, considering specific circumstances and legal principles. The judgment highlighted the exclusion of strategic investments in computing disallowances under Rule 8D(iii) and remitted the matter back to the AO for further assessment. As a result, the appeal of the assessee was partially allowed. en-us Wed, 21 Jan 2015 00:00:00 +0530 Sat, 20 Aug 2016 07:45:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185573 The Tribunal addressed the disallowance of short term capital loss u/s. 94(7) and disallowance u/s 14A r.w.r. 8D of the I.T. Rules. It directed the AO to reexamine the disallowances, considering specific circumstances and legal principles. The judgment highlighted the exclusion of strategic investments in computing disallowances under Rule 8D(iii) and remitted the matter back to the AO for further assessment. As a result, the appeal of the assessee was partially allowed. Case-Laws Income Tax Wed, 21 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185573