https://www.taxtmi.com/caselaws?id=409756 The Karnataka High Court upheld the tribunal's decision in a tax appeal, affirming the disallowance under Section 14A of the Income Tax Act for the Assessment Year 2009-10. The court also upheld the tribunal's ruling to set aside the disallowance of short term capital loss, citing previous case precedents and factual similarities. The appeal was dismissed for lacking merit, with the court finding in favor of the tribunal's decisions in both issues presented. en-us Wed, 07 Jul 2021 00:00:00 +0530 Thu, 15 Jul 2021 08:05:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409756 The Karnataka High Court upheld the tribunal's decision in a tax appeal, affirming the disallowance under Section 14A of the Income Tax Act for the Assessment Year 2009-10. The court also upheld the tribunal's ruling to set aside the disallowance of short term capital loss, citing previous case precedents and factual similarities. The appeal was dismissed for lacking merit, with the court finding in favor of the tribunal's decisions in both issues presented. Case-Laws Income Tax Wed, 07 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409756