https://www.taxtmi.com/caselaws?id=785431 Disallowance under section 14A regarding investments in mutual funds turns on classification of investments as stock in trade and on consideration only of investments that yield exempt income; the tribunal remanded the matter to the assessing officer for factual verification of records to ascertain whether the investments were held as stock in trade, and directed exclusion of such stock in trade from the 14A disallowance computation. The officer is further directed to compute disallowance taking into account only those investments that actually yielded exempt income. en-us Mon, 15 Dec 2025 00:00:00 +0530 Fri, 23 Jan 2026 09:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785431 Disallowance under section 14A regarding investments in mutual funds turns on classification of investments as stock in trade and on consideration only of investments that yield exempt income; the tribunal remanded the matter to the assessing officer for factual verification of records to ascertain whether the investments were held as stock in trade, and directed exclusion of such stock in trade from the 14A disallowance computation. The officer is further directed to compute disallowance taking into account only those investments that actually yielded exempt income. Case-Laws Income Tax Mon, 15 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785431