https://www.taxtmi.com/caselaws?id=427941 The High Court dismissed the appellant's challenges regarding disallowances under Sections 36(1)(viii) and 14A of the Income Tax Act, 1961. For Section 36(1)(viii), the court upheld the ITAT's decision, emphasizing consistency in tax treatment over eight years. Regarding Section 14A, the court ruled that the provision does not apply to dividends from shares held as stock-in-trade, aligning with Supreme Court precedents. Consequently, the High Court found no substantial question of law and dismissed the appeal, affirming the ITAT's deletions of disallowances. en-us Wed, 07 Sep 2022 00:00:00 +0530 Sat, 01 Aug 2026 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427941 The High Court dismissed the appellant's challenges regarding disallowances under Sections 36(1)(viii) and 14A of the Income Tax Act, 1961. For Section 36(1)(viii), the court upheld the ITAT's decision, emphasizing consistency in tax treatment over eight years. Regarding Section 14A, the court ruled that the provision does not apply to dividends from shares held as stock-in-trade, aligning with Supreme Court precedents. Consequently, the High Court found no substantial question of law and dismissed the appeal, affirming the ITAT's deletions of disallowances. Case-Laws Income Tax Wed, 07 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427941