https://www.taxtmi.com/caselaws?id=283702 The Tribunal ruled in favor of the assessee on multiple issues including the taxability of profits from the sale of investments, disallowance under section 14A, amortization of premium on investments, and addition under section 69B. The Tribunal also directed the AO to reexamine the rejection of a deduction claim under section 35DDA, and granted credit for foreign taxes paid. The computation of Book profit under section 115JB was deemed inapplicable. The appeal filed by the revenue was partly dismissed in favor of the assessee based on the resolved issues. en-us Wed, 25 May 2016 00:00:00 +0530 Mon, 07 Oct 2019 21:29:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283702 The Tribunal ruled in favor of the assessee on multiple issues including the taxability of profits from the sale of investments, disallowance under section 14A, amortization of premium on investments, and addition under section 69B. The Tribunal also directed the AO to reexamine the rejection of a deduction claim under section 35DDA, and granted credit for foreign taxes paid. The computation of Book profit under section 115JB was deemed inapplicable. The appeal filed by the revenue was partly dismissed in favor of the assessee based on the resolved issues. Case-Laws Income Tax Wed, 25 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283702