https://www.taxtmi.com/caselaws?id=352344 The Tribunal limited the disallowance under section 14A read with Rule 8D to the extent of exempt income, directing the Assessing Officer accordingly. Regarding the carry forward of speculation loss, the Tribunal allowed the higher amount claimed by the assessee, dismissing the Revenue's appeal and directing the AO to accept the correct speculation loss amount. The decision provided a detailed analysis of the issues, ensuring a fair outcome based on legal provisions and precedents. en-us Wed, 06 Dec 2017 00:00:00 +0530 Wed, 13 Dec 2017 08:27:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352344 The Tribunal limited the disallowance under section 14A read with Rule 8D to the extent of exempt income, directing the Assessing Officer accordingly. Regarding the carry forward of speculation loss, the Tribunal allowed the higher amount claimed by the assessee, dismissing the Revenue's appeal and directing the AO to accept the correct speculation loss amount. The decision provided a detailed analysis of the issues, ensuring a fair outcome based on legal provisions and precedents. Case-Laws Income Tax Wed, 06 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352344