https://www.taxtmi.com/caselaws?id=335400 The Tribunal ruled in favor of the appellant, a trader of shares and mutual funds, holding that dividend income earned on shares held as stock-in-trade does not warrant disallowance under section 14A of the Income Tax Act. The Tribunal emphasized that the shares were held for trading purposes, not as investments, citing relevant legal precedents. Consequently, the Tribunal set aside the Commissioner's order and directed the Assessing Officer to delete the disallowance made under section 14A for the assessment years in question. en-us Wed, 28 Sep 2016 00:00:00 +0530 Thu, 01 Dec 2016 13:32:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335400 The Tribunal ruled in favor of the appellant, a trader of shares and mutual funds, holding that dividend income earned on shares held as stock-in-trade does not warrant disallowance under section 14A of the Income Tax Act. The Tribunal emphasized that the shares were held for trading purposes, not as investments, citing relevant legal precedents. Consequently, the Tribunal set aside the Commissioner's order and directed the Assessing Officer to delete the disallowance made under section 14A for the assessment years in question. Case-Laws Income Tax Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335400