https://www.taxtmi.com/caselaws?id=411125 The Tribunal partly allowed the appeals, granting relief on the disallowance under Section 14A, the write-off of bonds/debentures, and the deduction for education cess. The issue of short-term capital loss was remanded for reconsideration. The Tribunal found the disallowance under Section 14A to be illegal due to the Assessing Officer's failure to record satisfaction, directing the deletion of the disallowance except for the voluntary amount. The disallowance related to bonds/debentures written off was allowed as the investments were made in the ordinary course of business. en-us Thu, 12 Aug 2021 00:00:00 +0530 Wed, 18 Aug 2021 09:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411125 The Tribunal partly allowed the appeals, granting relief on the disallowance under Section 14A, the write-off of bonds/debentures, and the deduction for education cess. The issue of short-term capital loss was remanded for reconsideration. The Tribunal found the disallowance under Section 14A to be illegal due to the Assessing Officer's failure to record satisfaction, directing the deletion of the disallowance except for the voluntary amount. The disallowance related to bonds/debentures written off was allowed as the investments were made in the ordinary course of business. Case-Laws Income Tax Thu, 12 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411125