https://www.taxtmi.com/caselaws?id=397248 The Tribunal set aside the issue of deemed speculation loss to the Assessing Officer for fresh verification and recomputation. It directed the AO to recompute the disallowance of expenditure under section 14A, considering only investments yielding exempt income for the year. The appeal by the revenue and the cross-objection by the assessee were treated as allowed for statistical purposes. The order's procedural aspect was addressed due to the COVID-19 pandemic lockdown. en-us Fri, 12 Jun 2020 00:00:00 +0530 Mon, 10 Aug 2020 19:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397248 The Tribunal set aside the issue of deemed speculation loss to the Assessing Officer for fresh verification and recomputation. It directed the AO to recompute the disallowance of expenditure under section 14A, considering only investments yielding exempt income for the year. The appeal by the revenue and the cross-objection by the assessee were treated as allowed for statistical purposes. The order's procedural aspect was addressed due to the COVID-19 pandemic lockdown. Case-Laws Income Tax Fri, 12 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397248