https://www.taxtmi.com/caselaws?id=278399 The ITAT Mumbai dismissed the Revenue's appeal against the deletion of addition for mark to market loss and directed the AO to delete the addition. The Assessee's appeal against disallowance under section 14A was allowed, limiting the disallowance to the amount initially made by the Assessee. The ITAT's decision on 15th July 2015 clarified the treatment of mark to market loss and disallowances for the assessment year 2010-11. en-us Wed, 15 Jul 2015 00:00:00 +0530 Fri, 24 Jun 2022 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278399 The ITAT Mumbai dismissed the Revenue's appeal against the deletion of addition for mark to market loss and directed the AO to delete the addition. The Assessee's appeal against disallowance under section 14A was allowed, limiting the disallowance to the amount initially made by the Assessee. The ITAT's decision on 15th July 2015 clarified the treatment of mark to market loss and disallowances for the assessment year 2010-11. Case-Laws Income Tax Wed, 15 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278399