https://www.taxtmi.com/caselaws?id=332888 The Tribunal ruled in favor of the assessee in a tax dispute case. The disallowance under Section 14A of the Income Tax Act was reduced, disallowance for diminution in the value of shares was allowed as a business loss, and interest levied under Sections 234B and 234C was set aside. The computation of Long Term Capital Loss on shares was upheld in favor of the assessee. The Tribunal dismissed the revenue's appeal and pronounced the order on 26th August 2016. en-us Thu, 03 Mar 2016 00:00:00 +0530 Tue, 27 Sep 2016 21:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332888 The Tribunal ruled in favor of the assessee in a tax dispute case. The disallowance under Section 14A of the Income Tax Act was reduced, disallowance for diminution in the value of shares was allowed as a business loss, and interest levied under Sections 234B and 234C was set aside. The computation of Long Term Capital Loss on shares was upheld in favor of the assessee. The Tribunal dismissed the revenue's appeal and pronounced the order on 26th August 2016. Case-Laws Income Tax Thu, 03 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332888