https://www.taxtmi.com/caselaws?id=333471 The Tribunal allowed the assessee's appeal and dismissed the revenue's appeal. The disallowance under Section 14A was reduced, diminution in the value of shares was allowed as a business loss, interest levied under Sections 234B and 234C was set aside, and computation of Long Term Capital Loss was upheld in favor of the assessee. The Tribunal directed the Assessing Officer to reassess the income accordingly. en-us Fri, 26 Aug 2016 00:00:00 +0530 Wed, 12 Oct 2016 15:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333471 The Tribunal allowed the assessee's appeal and dismissed the revenue's appeal. The disallowance under Section 14A was reduced, diminution in the value of shares was allowed as a business loss, interest levied under Sections 234B and 234C was set aside, and computation of Long Term Capital Loss was upheld in favor of the assessee. The Tribunal directed the Assessing Officer to reassess the income accordingly. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333471