https://www.taxtmi.com/caselaws?id=385620 The Tribunal allowed the appeal partially, condoning the delay in filing and admitting the appeal for hearing. Regarding disallowances under Section 14A and Rule 8D, the Tribunal confirmed a suomoto disallowance and directed re-computation based on dividend-bearing securities. The Tribunal allowed the claim for loss on derivative contracts, following Accounting Standard 30. The disallowance of Securities Transaction Tax was directed to be re-evaluated based on forms reflecting STT paid for the relevant financial years. The Tribunal emphasized the significance of judicial precedents and accounting standards in its decision. en-us Fri, 06 Sep 2019 00:00:00 +0530 Tue, 10 Sep 2019 06:02:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385620 The Tribunal allowed the appeal partially, condoning the delay in filing and admitting the appeal for hearing. Regarding disallowances under Section 14A and Rule 8D, the Tribunal confirmed a suomoto disallowance and directed re-computation based on dividend-bearing securities. The Tribunal allowed the claim for loss on derivative contracts, following Accounting Standard 30. The disallowance of Securities Transaction Tax was directed to be re-evaluated based on forms reflecting STT paid for the relevant financial years. The Tribunal emphasized the significance of judicial precedents and accounting standards in its decision. Case-Laws Income Tax Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385620