https://www.taxtmi.com/caselaws?id=366686 The tribunal partly allowed the assessee's appeal, upholding the applicability of section 14A of the Income Tax Act to the case. It adjusted disallowances under section 14A and permitted the deduction of Portfolio Management Services (PMS) fees while computing Short Term Capital Gain. The tribunal directed the Assessing Officer to recompute the disallowance under Rule 8D(2)(iii) based on specific investments resulting in dividend income. en-us Wed, 05 Sep 2018 00:00:00 +0530 Sat, 08 Sep 2018 08:09:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366686 The tribunal partly allowed the assessee's appeal, upholding the applicability of section 14A of the Income Tax Act to the case. It adjusted disallowances under section 14A and permitted the deduction of Portfolio Management Services (PMS) fees while computing Short Term Capital Gain. The tribunal directed the Assessing Officer to recompute the disallowance under Rule 8D(2)(iii) based on specific investments resulting in dividend income. Case-Laws Income Tax Wed, 05 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366686