https://www.taxtmi.com/caselaws?id=389368 The court allowed the appeal, deleting the disallowances and additions made by the Assessing Officer. The court confirmed the genuineness of the appellant's transactions and found them supported by evidence, relying on relevant precedents. The disallowance of Long Term Capital Loss on the sale of shares was overturned, as well as the addition of expenditure disallowed under Section 14A and the adjustment concerning the provision for doubtful debts while computing book profit under Section 115JB. The court did not provide a detailed analysis on the levy of interest under Sections 234B and 234C, indicating it was consequential and did not require a separate order. en-us Fri, 20 Sep 2019 00:00:00 +0530 Wed, 04 Dec 2019 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389368 The court allowed the appeal, deleting the disallowances and additions made by the Assessing Officer. The court confirmed the genuineness of the appellant's transactions and found them supported by evidence, relying on relevant precedents. The disallowance of Long Term Capital Loss on the sale of shares was overturned, as well as the addition of expenditure disallowed under Section 14A and the adjustment concerning the provision for doubtful debts while computing book profit under Section 115JB. The court did not provide a detailed analysis on the levy of interest under Sections 234B and 234C, indicating it was consequential and did not require a separate order. Case-Laws Income Tax Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389368