https://www.taxtmi.com/caselaws?id=297726 For section 14A read with Rule 8D, disallowance cannot exceed the exempt dividend income actually earned in the year, so the adjustment was confined to that amount. Derivative loss and share trading results of a share broker engaged in a composite business were not to be mechanically treated as speculative loss under section 73, as derivatives within the statutory exception under section 43(5) are not speculative and business results must be aggregated before applying the deeming fiction. Employees' contribution to provident fund paid before the return-filing due date was not disallowable under section 36(1)(va) read with section 2(24)(x), following binding precedent. en-us Wed, 24 Feb 2021 00:00:00 +0530 Sun, 19 Sep 2021 22:12:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297726 For section 14A read with Rule 8D, disallowance cannot exceed the exempt dividend income actually earned in the year, so the adjustment was confined to that amount. Derivative loss and share trading results of a share broker engaged in a composite business were not to be mechanically treated as speculative loss under section 73, as derivatives within the statutory exception under section 43(5) are not speculative and business results must be aggregated before applying the deeming fiction. Employees' contribution to provident fund paid before the return-filing due date was not disallowable under section 36(1)(va) read with section 2(24)(x), following binding precedent. Case-Laws Income Tax Wed, 24 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297726