https://www.taxtmi.com/caselaws?id=300565 The Tribunal upheld the disallowance of Rs. 2,28,396 under Section 14A read with Rule 8D(2)(iii) for shares held as stock-in-trade, dismissed the appeal regarding Rs. 15,00,000 professional fees for arranging loans, upheld the deletion of Rs. 79,52,228 disallowance under Section 14A, and sustained the deletion of Rs. 56,25,000 addition under Section 36(1)(iii) for interest-free advances. The Tribunal affirmed the CIT(A)'s decisions on all issues, dismissing both the assessee's and the Revenue's appeals. en-us Thu, 28 Feb 2019 00:00:00 +0530 Sat, 12 Feb 2022 09:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300565 The Tribunal upheld the disallowance of Rs. 2,28,396 under Section 14A read with Rule 8D(2)(iii) for shares held as stock-in-trade, dismissed the appeal regarding Rs. 15,00,000 professional fees for arranging loans, upheld the deletion of Rs. 79,52,228 disallowance under Section 14A, and sustained the deletion of Rs. 56,25,000 addition under Section 36(1)(iii) for interest-free advances. The Tribunal affirmed the CIT(A)'s decisions on all issues, dismissing both the assessee's and the Revenue's appeals. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300565