https://www.taxtmi.com/caselaws?id=413861 The Tribunal partly allowed the appeal regarding the disallowance under Section 14A, restricting it to the actual expenditure claimed. The issue of addition of unexplained investment was sent back for further examination by the CIT (Appeals) to provide necessary details. The applicability of Explanation to Section 73 was also remanded for reconsideration, directing the appellant to demonstrate non-engagement in speculative activities or the inapplicability of the Explanation. The appellant was instructed to provide detailed information to address the concerns raised by the Assessing Officer, emphasizing compliance with tax regulations. en-us Wed, 13 Oct 2021 00:00:00 +0530 Fri, 22 Oct 2021 08:31:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413861 The Tribunal partly allowed the appeal regarding the disallowance under Section 14A, restricting it to the actual expenditure claimed. The issue of addition of unexplained investment was sent back for further examination by the CIT (Appeals) to provide necessary details. The applicability of Explanation to Section 73 was also remanded for reconsideration, directing the appellant to demonstrate non-engagement in speculative activities or the inapplicability of the Explanation. The appellant was instructed to provide detailed information to address the concerns raised by the Assessing Officer, emphasizing compliance with tax regulations. Case-Laws Income Tax Wed, 13 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413861