https://www.taxtmi.com/caselaws?id=401597 The Tribunal partially allowed the assessee's appeal. It concluded that gains from the investment portfolio should be classified as capital gains, overturning the CIT(A)'s decision. Additionally, the Tribunal restricted the disallowance under Section 14A read with Rule 8D to the amount of the exempt income earned, modifying the CIT(A)'s order. en-us Wed, 09 Dec 2020 00:00:00 +0530 Tue, 05 Nov 2024 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401597 The Tribunal partially allowed the assessee's appeal. It concluded that gains from the investment portfolio should be classified as capital gains, overturning the CIT(A)'s decision. Additionally, the Tribunal restricted the disallowance under Section 14A read with Rule 8D to the amount of the exempt income earned, modifying the CIT(A)'s order. Case-Laws Income Tax Wed, 09 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401597