https://www.taxtmi.com/caselaws?id=193184 The ITAT Mumbai allowed the appeal filed by the assessee, setting aside the disallowance under section 14A r.w.r. 8D. The judgment emphasizes the distinction between expenses related to investments and those linked to stock in trade, clarifying their treatment in the computation of business income. This decision provides clarity on the applicability of section 14A r.w.r. 8D to various assets held by the assessee, ensuring a fair assessment of taxable income in accordance with the law. en-us Tue, 07 Mar 2017 00:00:00 +0530 Sat, 15 Jul 2017 15:28:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193184 The ITAT Mumbai allowed the appeal filed by the assessee, setting aside the disallowance under section 14A r.w.r. 8D. The judgment emphasizes the distinction between expenses related to investments and those linked to stock in trade, clarifying their treatment in the computation of business income. This decision provides clarity on the applicability of section 14A r.w.r. 8D to various assets held by the assessee, ensuring a fair assessment of taxable income in accordance with the law. Case-Laws Income Tax Tue, 07 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193184