https://www.taxtmi.com/caselaws?id=333678 The ITAT upheld the order of the ld.CIT(A) and dismissed the Revenue's appeal regarding the disallowance of expenses u/s.14A of the Income Tax Act for the Assessment Year 2009-10. The ITAT ruled in favor of the assessee, emphasizing that no disallowance should be made when dividend income is incidental to the business of trading in shares held as stock-in-trade. The decision was based on established legal principles and relevant case law, providing relief to the assessee in this matter. en-us Wed, 31 Aug 2016 00:00:00 +0530 Thu, 20 Oct 2016 21:43:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333678 The ITAT upheld the order of the ld.CIT(A) and dismissed the Revenue's appeal regarding the disallowance of expenses u/s.14A of the Income Tax Act for the Assessment Year 2009-10. The ITAT ruled in favor of the assessee, emphasizing that no disallowance should be made when dividend income is incidental to the business of trading in shares held as stock-in-trade. The decision was based on established legal principles and relevant case law, providing relief to the assessee in this matter. Case-Laws Income Tax Wed, 31 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333678