https://www.taxtmi.com/caselaws?id=776572 The ITAT Mumbai held that the AO's disallowance under section 14A was unsustainable as no dissatisfaction with the assessee's suo motu computation was recorded. Regarding addition under section 43CA, the difference between sale price and stamp duty value was within the 10% tolerance limit, thus no addition was warranted. On foreign currency translation differences, the matter was remitted to the AO for verification due to inadequate examination during assessment. The CIT(A)'s rejection of carry forward of long-term capital loss was upheld, as allowing it could enable set-off against unrelated gains and impede proper verification. The appeals were allowed in part and remanded in part. en-us Mon, 11 Aug 2025 00:00:00 +0530 Wed, 13 Aug 2025 07:27:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776572 The ITAT Mumbai held that the AO's disallowance under section 14A was unsustainable as no dissatisfaction with the assessee's suo motu computation was recorded. Regarding addition under section 43CA, the difference between sale price and stamp duty value was within the 10% tolerance limit, thus no addition was warranted. On foreign currency translation differences, the matter was remitted to the AO for verification due to inadequate examination during assessment. The CIT(A)'s rejection of carry forward of long-term capital loss was upheld, as allowing it could enable set-off against unrelated gains and impede proper verification. The appeals were allowed in part and remanded in part. Case-Laws Income Tax Mon, 11 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776572