https://www.taxtmi.com/caselaws?id=376981 The Tribunal upheld the disallowance of 2% of exempt income under Section 14A, disallowed expenses related to bonus shares as capital in nature, allowed the deduction of ex-gratia payment, pooja expenses, speculative loss on derivative transactions, entertainment expenses, bad debts written off, broken period interest, brokerage paid, and interest on non-performing assets. The Tribunal directed verification of the correct amount of loss on the sale of HTM securities and disallowed the provision for leave encashment and medical leave. The Tribunal also deleted the addition on account of unclaimed balance and held that Section 115J is not applicable to banking companies. en-us Thu, 28 Feb 2019 00:00:00 +0530 Tue, 28 May 2019 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376981 The Tribunal upheld the disallowance of 2% of exempt income under Section 14A, disallowed expenses related to bonus shares as capital in nature, allowed the deduction of ex-gratia payment, pooja expenses, speculative loss on derivative transactions, entertainment expenses, bad debts written off, broken period interest, brokerage paid, and interest on non-performing assets. The Tribunal directed verification of the correct amount of loss on the sale of HTM securities and disallowed the provision for leave encashment and medical leave. The Tribunal also deleted the addition on account of unclaimed balance and held that Section 115J is not applicable to banking companies. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376981