https://www.taxtmi.com/caselaws?id=303061 The Tribunal ruled in favor of the appellant, a housing finance company, in disallowing the Assessing Officer's 10% disallowance of dividend receipt under section 14A for Assessment Year 2009-10, citing shares held as stock in trade. Similarly, for Assessment Year 2010-11, the Tribunal directed deletion of disallowance under section 14A as tax-free income generating investments were held as stock in trade. Regarding deduction disallowed under section 36(1)(viii) for 2010-11, the Tribunal upheld the appellant's consistent methodology for interest on long term housing loans, allowing a 62.75% deduction and dismissing the revenue's appeal. en-us Wed, 04 Dec 2019 00:00:00 +0530 Fri, 01 Jul 2022 20:45:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303061 The Tribunal ruled in favor of the appellant, a housing finance company, in disallowing the Assessing Officer's 10% disallowance of dividend receipt under section 14A for Assessment Year 2009-10, citing shares held as stock in trade. Similarly, for Assessment Year 2010-11, the Tribunal directed deletion of disallowance under section 14A as tax-free income generating investments were held as stock in trade. Regarding deduction disallowed under section 36(1)(viii) for 2010-11, the Tribunal upheld the appellant's consistent methodology for interest on long term housing loans, allowing a 62.75% deduction and dismissing the revenue's appeal. Case-Laws Income Tax Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303061