https://www.taxtmi.com/caselaws?id=383385 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions for both assessment years, dismissing the appeals on all grounds. The judgments emphasized consistency in treatment of expenses, proper attribution, and adherence to legal precedents. Key points included disallowance under Section 14A, treatment of loss on sale of securities as business loss, allowance of preliminary expenses under Section 35D, deletion of prior period expenses disallowance, and deduction of interest expenses related to business income or under Section 57. en-us Thu, 18 Jul 2019 00:00:00 +0530 Sat, 31 Aug 2019 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383385 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions for both assessment years, dismissing the appeals on all grounds. The judgments emphasized consistency in treatment of expenses, proper attribution, and adherence to legal precedents. Key points included disallowance under Section 14A, treatment of loss on sale of securities as business loss, allowance of preliminary expenses under Section 35D, deletion of prior period expenses disallowance, and deduction of interest expenses related to business income or under Section 57. Case-Laws Income Tax Thu, 18 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383385