https://www.taxtmi.com/caselaws?id=429691 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee in ITA No.1884/Mum/2022 for A.Y.2020-21. The tribunal directed the assessing officer to treat the dividend income as exempt under section 10(34) of the Income Tax Act for the relevant assessment year. Additionally, the tribunal allowed the claim of loss amounting to Rs.1,40,712 for the assessment year, enabling its carry forward to subsequent years. The appeal was allowed, and the grounds raised by the assessee were upheld, based on the interpretation of statutory provisions and timelines. en-us Tue, 06 Sep 2022 00:00:00 +0530 Thu, 03 Nov 2022 09:05:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429691 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee in ITA No.1884/Mum/2022 for A.Y.2020-21. The tribunal directed the assessing officer to treat the dividend income as exempt under section 10(34) of the Income Tax Act for the relevant assessment year. Additionally, the tribunal allowed the claim of loss amounting to Rs.1,40,712 for the assessment year, enabling its carry forward to subsequent years. The appeal was allowed, and the grounds raised by the assessee were upheld, based on the interpretation of statutory provisions and timelines. Case-Laws Income Tax Tue, 06 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429691