https://www.taxtmi.com/caselaws?id=408499 The Tribunal allowed the appeal in part, ruling in favor of the assessee. It held that the assessee could set off carried forward speculative losses against speculative profits for the year, deleting the addition related to the set off of speculative losses. Additionally, the Tribunal directed the Assessing Officer to limit the disallowance under section 14A read with Rule 8D to the amount of tax-exempt income, deleting the rest of the addition. en-us Thu, 03 Jun 2021 00:00:00 +0530 Sat, 12 Jun 2021 08:45:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408499 The Tribunal allowed the appeal in part, ruling in favor of the assessee. It held that the assessee could set off carried forward speculative losses against speculative profits for the year, deleting the addition related to the set off of speculative losses. Additionally, the Tribunal directed the Assessing Officer to limit the disallowance under section 14A read with Rule 8D to the amount of tax-exempt income, deleting the rest of the addition. Case-Laws Income Tax Thu, 03 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408499