https://www.taxtmi.com/caselaws?id=333968 The Tribunal allowed the appeal filed by the assessee, deleting the additions made under section 14A read with Rule 8D and the interest charged under sections 234A, 234B, 234C & 234D of the Income Tax Act. The decision was based on the principle that disallowances under section 14A should be specific to investments and not applicable to shares held as stock-in-trade, as supported by various case laws cited during the proceedings. en-us Tue, 18 Oct 2016 00:00:00 +0530 Sat, 29 Oct 2016 11:15:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333968 The Tribunal allowed the appeal filed by the assessee, deleting the additions made under section 14A read with Rule 8D and the interest charged under sections 234A, 234B, 234C & 234D of the Income Tax Act. The decision was based on the principle that disallowances under section 14A should be specific to investments and not applicable to shares held as stock-in-trade, as supported by various case laws cited during the proceedings. Case-Laws Income Tax Tue, 18 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333968