https://www.taxtmi.com/caselaws?id=188464 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision on various issues including disallowance of expenses under section 14A, penalty payment to Stock Exchange, addition under section 94(7) of the Act, notional loss on open position in F & O, and disallowance of expenses incurred at clubs. The Tribunal found no infirmity in the CIT(A)'s order, citing established legal principles and precedent, resulting in the dismissal of the Revenue's appeal. en-us Fri, 16 Oct 2015 00:00:00 +0530 Fri, 02 Dec 2016 10:55:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188464 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision on various issues including disallowance of expenses under section 14A, penalty payment to Stock Exchange, addition under section 94(7) of the Act, notional loss on open position in F & O, and disallowance of expenses incurred at clubs. The Tribunal found no infirmity in the CIT(A)'s order, citing established legal principles and precedent, resulting in the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 16 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188464