https://www.taxtmi.com/caselaws?id=284104 The Tribunal remanded both issues back to the Assessing Officer for reconsideration. The first issue involved the treatment of loss on forfeiture of share application money, with the Tribunal emphasizing the need to examine the nature of the investment as stock in trade. The second issue pertained to the disallowance under section 14A, where the Tribunal found that the lower authorities did not adequately consider the relationship between borrowed funds and dividend income. The Tribunal allowed the assessee's appeal for statistical purposes, directing a fresh decision based on the assessee's claims and relevant legal provisions. en-us Mon, 13 Feb 2012 00:00:00 +0530 Thu, 31 Oct 2019 18:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284104 The Tribunal remanded both issues back to the Assessing Officer for reconsideration. The first issue involved the treatment of loss on forfeiture of share application money, with the Tribunal emphasizing the need to examine the nature of the investment as stock in trade. The second issue pertained to the disallowance under section 14A, where the Tribunal found that the lower authorities did not adequately consider the relationship between borrowed funds and dividend income. The Tribunal allowed the assessee's appeal for statistical purposes, directing a fresh decision based on the assessee's claims and relevant legal provisions. Case-Laws Income Tax Mon, 13 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284104