https://www.taxtmi.com/caselaws?id=353455 The tribunal partially allowed the assessee's appeals, dismissing the AO's appeal. Specific issues were directed to be reconsidered by the FAA, with decisions made in favor of the assessee based on legal precedents. The disallowance of depository charges related to shares held as stock in trade was partially allowed. The deduction claimed under Section 35DD was partly allowed for further verification. The valuation loss treated as speculation loss was decided in favor of the assessee. The disallowance under Section 14A was also decided in favor of the assessee, with the tribunal emphasizing the need for proper consideration of stock in trade in such disallowances. en-us Mon, 01 Jan 2018 00:00:00 +0530 Thu, 25 Jan 2018 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353455 The tribunal partially allowed the assessee's appeals, dismissing the AO's appeal. Specific issues were directed to be reconsidered by the FAA, with decisions made in favor of the assessee based on legal precedents. The disallowance of depository charges related to shares held as stock in trade was partially allowed. The deduction claimed under Section 35DD was partly allowed for further verification. The valuation loss treated as speculation loss was decided in favor of the assessee. The disallowance under Section 14A was also decided in favor of the assessee, with the tribunal emphasizing the need for proper consideration of stock in trade in such disallowances. Case-Laws Income Tax Mon, 01 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353455