https://www.taxtmi.com/caselaws?id=367212 The appeal was allowed in favor of the assessee. The Assessing Officer's disallowance under Section 14A read with Rule 8D was recalculated to consider only the proportionate interest on the loan from India Infoline Finance Ltd. Additionally, the set off of speculation loss against income earned from trading in shares was permitted, following the decision of the Hon'ble Bombay High Court in Lokmat Newspapers P. Ltd. The order was pronounced on 04-07-2018. en-us Wed, 04 Jul 2018 00:00:00 +0530 Mon, 17 Sep 2018 07:41:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367212 The appeal was allowed in favor of the assessee. The Assessing Officer's disallowance under Section 14A read with Rule 8D was recalculated to consider only the proportionate interest on the loan from India Infoline Finance Ltd. Additionally, the set off of speculation loss against income earned from trading in shares was permitted, following the decision of the Hon'ble Bombay High Court in Lokmat Newspapers P. Ltd. The order was pronounced on 04-07-2018. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367212