https://www.taxtmi.com/caselaws?id=396160 The Tribunal allowed the appeal partly, directing the deletion of disallowances related to the loss on F&O transactions and interest expense under Section 14A, while confirming the disallowance of administrative expenses under Section 14A. The Tribunal held that the loss on derivative transactions should be treated as regular business loss, eligible for set-off against other income, based on the assessee's income sources and supporting documentation. The decision was influenced by precedents and the principle of consistency. en-us Fri, 19 Jun 2020 00:00:00 +0530 Mon, 28 Dec 2020 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396160 The Tribunal allowed the appeal partly, directing the deletion of disallowances related to the loss on F&O transactions and interest expense under Section 14A, while confirming the disallowance of administrative expenses under Section 14A. The Tribunal held that the loss on derivative transactions should be treated as regular business loss, eligible for set-off against other income, based on the assessee's income sources and supporting documentation. The decision was influenced by precedents and the principle of consistency. Case-Laws Income Tax Fri, 19 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396160