https://www.taxtmi.com/caselaws?id=417780 The Tribunal allowed the appeal, deleting the disallowance under Section 14A and recognizing the Short-Term Capital Loss on the forfeiture of share warrants. The decision was based on the lack of objective satisfaction by the Assessing Officer in applying Rule 8D and the recognition of the forfeiture of share warrants as resulting in a deductible Short-Term Capital Loss. en-us Mon, 17 Jan 2022 00:00:00 +0530 Tue, 01 Feb 2022 08:31:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417780 The Tribunal allowed the appeal, deleting the disallowance under Section 14A and recognizing the Short-Term Capital Loss on the forfeiture of share warrants. The decision was based on the lack of objective satisfaction by the Assessing Officer in applying Rule 8D and the recognition of the forfeiture of share warrants as resulting in a deductible Short-Term Capital Loss. Case-Laws Income Tax Mon, 17 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417780