https://www.taxtmi.com/caselaws?id=334051 The Tribunal upheld the CIT(A)'s decision to allow relief of Rs. 26,62,673/- and confirmed the remaining Section 14A disallowance of Rs. 1,27,74,382/- for the assessment year 2001-02. For the assessment year 2002-03, the Tribunal directed the deletion of the Section 14A disallowance of Rs. 1,11,83,862/-. Regarding speculation loss treatment under Section 73, the Tribunal deleted the disallowance of Rs. 1,20,741/- for 2001-02 and upheld the treatment of certain amounts as speculative loss for 2002-03. The Tribunal dismissed the Revenue's appeal to revive the Section 271(1)(c) penalty, concluding that there was no concealment or furnishing of inaccurate particulars of income. en-us Thu, 20 Oct 2016 00:00:00 +0530 Wed, 02 Nov 2016 18:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334051 The Tribunal upheld the CIT(A)'s decision to allow relief of Rs. 26,62,673/- and confirmed the remaining Section 14A disallowance of Rs. 1,27,74,382/- for the assessment year 2001-02. For the assessment year 2002-03, the Tribunal directed the deletion of the Section 14A disallowance of Rs. 1,11,83,862/-. Regarding speculation loss treatment under Section 73, the Tribunal deleted the disallowance of Rs. 1,20,741/- for 2001-02 and upheld the treatment of certain amounts as speculative loss for 2002-03. The Tribunal dismissed the Revenue's appeal to revive the Section 271(1)(c) penalty, concluding that there was no concealment or furnishing of inaccurate particulars of income. Case-Laws Income Tax Thu, 20 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334051