https://www.taxtmi.com/caselaws?id=377598 The appeal was partly allowed for statistical purposes. The disallowance under Section 14A of the Income Tax Act, 1961 was deleted based on the distinction between shares held as stock-in-trade and investments for controlling interest as clarified by the Supreme Court. The Tribunal directed the deletion of the addition made under Section 14A. Regarding the disallowance of Credit of Minimum Alternate Tax (MAT) under Section 115JA of the Income Tax Act, the matter was remitted to the Assessing Officer for recalculation following the principles established in the Consolidated Securities Ltd. case. en-us Mon, 19 Nov 2018 00:00:00 +0530 Mon, 01 Apr 2019 09:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377598 The appeal was partly allowed for statistical purposes. The disallowance under Section 14A of the Income Tax Act, 1961 was deleted based on the distinction between shares held as stock-in-trade and investments for controlling interest as clarified by the Supreme Court. The Tribunal directed the deletion of the addition made under Section 14A. Regarding the disallowance of Credit of Minimum Alternate Tax (MAT) under Section 115JA of the Income Tax Act, the matter was remitted to the Assessing Officer for recalculation following the principles established in the Consolidated Securities Ltd. case. Case-Laws Income Tax Mon, 19 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377598