https://www.taxtmi.com/caselaws?id=408942 The Appellate Tribunal upheld the decisions of the Commissioner of Income Tax (Appeals) regarding the disallowance of finance brokerage and stamp duty expenses under Section 37(1) of the Income Tax Act, exclusion of certain credit balances with firms from disallowance calculation under Section 14A, and allowance of derivatives loss related to actual delivery of shares under Section 43(5)(d). The Tribunal partly allowed the revenue's appeal for statistical purposes, dismissing various grounds raised by the revenue concerning disallowances and treatment of expenses and losses under the Income Tax Act. en-us Tue, 08 Jun 2021 00:00:00 +0530 Fri, 25 Jun 2021 07:12:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408942 The Appellate Tribunal upheld the decisions of the Commissioner of Income Tax (Appeals) regarding the disallowance of finance brokerage and stamp duty expenses under Section 37(1) of the Income Tax Act, exclusion of certain credit balances with firms from disallowance calculation under Section 14A, and allowance of derivatives loss related to actual delivery of shares under Section 43(5)(d). The Tribunal partly allowed the revenue's appeal for statistical purposes, dismissing various grounds raised by the revenue concerning disallowances and treatment of expenses and losses under the Income Tax Act. Case-Laws Income Tax Tue, 08 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408942