https://www.taxtmi.com/caselaws?id=339758 The Tribunal upheld the applicability of Section 14A for disallowing expenses related to exempt income, even when shares are held as stock-in-trade. The Tribunal directed the AO to recompute the disallowance under Rule 8D by considering only those shares that yielded dividend income during the year. The Tribunal dismissed the assessee's appeal and partly allowed the revenue's appeal. en-us Fri, 03 Mar 2017 00:00:00 +0530 Sat, 04 Mar 2017 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339758 The Tribunal upheld the applicability of Section 14A for disallowing expenses related to exempt income, even when shares are held as stock-in-trade. The Tribunal directed the AO to recompute the disallowance under Rule 8D by considering only those shares that yielded dividend income during the year. The Tribunal dismissed the assessee's appeal and partly allowed the revenue's appeal. Case-Laws Income Tax Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339758