https://www.taxtmi.com/caselaws?id=429809 The appeal by the assessee was allowed for statistical purposes. The Tribunal directed the AO to re-examine the disallowance under section 40(a)(ia) for subsequent years, delete the disallowance of Mark to Market (MTM) loss, and recompute the disallowance under section 14A considering only investments yielding exempt income during the year. en-us Mon, 10 Oct 2022 00:00:00 +0530 Fri, 04 Nov 2022 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429809 The appeal by the assessee was allowed for statistical purposes. The Tribunal directed the AO to re-examine the disallowance under section 40(a)(ia) for subsequent years, delete the disallowance of Mark to Market (MTM) loss, and recompute the disallowance under section 14A considering only investments yielding exempt income during the year. Case-Laws Income Tax Mon, 10 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429809