https://www.taxtmi.com/caselaws?id=463817 ITAT, Mumbai directed the AO to recompute the s.14A disallowance under Rule 8D(2)(iii) excluding investments that yielded no exempt dividend in the year. The Tribunal deleted the addition under s.41(2) relating to long-standing trade creditors, finding no cessation of liability in the relevant year. On sale of carbon credits the Tribunal followed prevailing HC decisions treating such receipts as capital in nature, resulting in relief to the assessee on that point. en-us Tue, 24 May 2022 00:00:00 +0530 Wed, 17 Sep 2025 15:43:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463817 ITAT, Mumbai directed the AO to recompute the s.14A disallowance under Rule 8D(2)(iii) excluding investments that yielded no exempt dividend in the year. The Tribunal deleted the addition under s.41(2) relating to long-standing trade creditors, finding no cessation of liability in the relevant year. On sale of carbon credits the Tribunal followed prevailing HC decisions treating such receipts as capital in nature, resulting in relief to the assessee on that point. Case-Laws Income Tax Tue, 24 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463817